Fuel Prices In Malaysia Change Every Sunday

Gasoline Pom (Unsplash)

YOGYAKARTA - What is the price of gasoline in Malaysia? There is a weekly update every Wednesday at 5 pm about the price of fuel for RON95, RON97, and Diesel as the Malaysian government revised prices.

Fuel prices have changed monthly since September 2018, but will now return to the weekly price system based on the Auto Price Determination Mechanism (APM) formula.

Fuel prices in Malaysia began low from 2018 as oil prices fell. However, RON95 and Diesel started flat-line from May onwards, respectively until December in RM2.20 and RM2.18. RON97, on the other hand, gradually increased to fall in December to RM2.50. You can find a more detailed price table at the end of the article for weekly gasoline prices this year.

- RON 95: RM2.05 or around Rp. 6,902 per liter

- RON 97 :RM4.75 or around Rp. 16,000 per liter

- Diesel: RM2.15 or around Rp. 7,239 per liter.

While in Indonesia:

- RON 92: IDR 12,500 per liter

- RON 97: IDR 16,200 per liter

- Dexlite/Deesel: IDR 15,000 per liter

- Pertamax Dex: IDR 16,500 per liter.

Previously, Pertamina claimed, the price of Pertamax Turbo RON 97 was still one of the cheapest in the world.

Since fuel prices will change every week and are based on changes in the average price per liter, you can adjust your gasoline purchases to make a profit from a cheap week and avoid an expensive week. Check again every week to find out the price of gasoline for next week!

After months of fixed fuel prices for the RON95 and Diesel (RON97 continues to use floating price systems), all fuel prices return to weekly floating price mechanisms. Prices will be updated and changed weekly on Friday and beyond. This will benefit many motorists as they will be able to fill their vehicles at lower prices whenever crude oil prices drop.

Historically, gasoline prices in Malaysia have been lowered by the government to keep prices down artificially. However, this has changed in recent years when the government adopted a manageable buoy system where fuel prices will be announced every month. Price adjustments are made based on an average price per liter of refined oil.

On March 29, 2017, the government decided to change the system again and apply weekly ceiling prices. This means that individual gas stations are allowed to deviate from ceiling prices, as long as they get approval from the government first.

Can the price of the gender be a cheaper price?

Malaysia has been protected from this effect in the past as the government will subsidize fuel prices but, with the introduction of a manageable buoy system, it is no longer the case. The main effect on oil prices is OPEC (a collection of oil exporters) and non-OPEC oil exporters like Russia. Depending on their individual goals, these players may decide to cut or extend their oil production, effectively pushing oil prices up and down.

World oil prices are one of the most important floating prices in the world. Oil prices indirectly determine the cost of living for most people on the planet, because they are closely related to fuel costs. As previously mentioned, weekly fuel prices are determined by changes in world oil prices. This means that if world oil prices rise, the price of fuel in Malaysia will also increase and vice versa.

theoretically, individual gas station owners can choose to set a lower price than the set ceiling, but they need approval from the government to allow this to do so. To date, we have no reports of gas stations deviating from their highest prices, so you can safely assume that the price quoted here is what you have to pay at gas stations.

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