After the announcement about the subsidies for RON95 petrol and diesel will be removed from 1st of December 2014, their prices will follow the managed floating system, like what RON97 is on now.
Our government has announced that the changes of the price of fuels, effective on December 1 as follow:
RON95: Drop 4 sen to RM2.26/litre
RON97: Drop 9 sen to RM2.46/litre
Diesel: Increase 3 sen to RM2.23/litre
The price of crude oil is hovering around US$70 per barrel, currently at its lowest point since a long run. Hopefully we'll see further reduction in fuel price as a good start for a new year!
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