Petrol price has been heavily subsidised by Malaysian goverment for ages to keep to cost of living down. The goverment decided to remove the fixed fuel price in Malaysia where the petrol price will be free float as of 2017. As of 2019, Ron 97 petrol price will be updated every Friday while Ron 95 has been pegged temporariry.
There are 2 types of petrol being sold which is Ron 95 and Ron 97. Ron 97 is a superior petrol has it's subisidy fully removed by the goverment. Ron 95 is partly subsidies by the Malaysian government . There are also plans to fuly remove fuel subsidy for Ron 95 where the subsidy will be fully channeled to bottom 40% ( B40) through programs such as BSH or eKasih. The new petrol price mechanism is expected to be finalised by 2019.
Petrol price is under the Ministry of Domestic Trade and Consumer Affairs. This ministry is responsible for items such as controlled goods price and consumer rights in Malaysia.
Follow the latest new on petrol price in malaysia