RON97 fuel – RM2.90 per liter as of 5th May 2011

According to Malaysiakini, the price of RON97 fuel will be increased to RM2.90 per liter at midnight today, up 20 sen from the previous price of RM2.70 which was on the 1st of April 2011.
If this trend continues, the price of RON97 would probably hit over RM3.50 per liter by the end of the year.

This is the fifth monthly increase in a row since December last year. The margin of increase has also been going up, with the first three hikes being only 10 sen, with subsequent increases being 20 sen.
RON95 and diesel remains unchanged for now.

RON97 up by 20 sen tomorrow to RM2.70 a litre?

RON97 up by 20 sen tomorrow to RM2.70 a litre?

Well, according to a report, the pump price for RON97 petrol is supposed to be hiked by 20 sen a litre to RM2.70/litre effective midnight.

This makes it the fourth increase in four months for RON97, which has its price determined by a market float, with the jump to RM2.30 on December 1 last year followed by another 10 sen increase to RM2.40 per litre on Jan 4 and another 10 sen to RM2.50 on January 31.

The report in The Malaysian Insider quotes a source saying that the confirmation notice was sent out this evening about the 20 sen rise. It is expected that the pricing of RON95 and diesel will remain unchanged.

END OF SOURCE: PAULTAN...
http://paultan.org/2011/04/01/ron97-up-by-20-sen-tomorrow-to-rm2-70-a-litre/
My (Jeff Lim's) Opinion, 


NOT AGAIN, do you know that Perodua Alza,  Myvi and Viva's tuned for RON97?  My sister's MYVI 1.3 SXi Manual suffered 1) Power loss, 2) Fuel consumption increased by 20% from 13km/L average using RON97 to 10.2km/L average using RON95.  So this increase's NOT ONLY affects the RICH, please think of Alza, MYVI and Viva owners...  My dad's Civic FD2 also suffered from the Same symptoms.  RON97 = 20% more fuel efficient and more power, BUT NOW OUT OF REACH... IMHO, Diesel is the Way to Go.  

Now I'm saving and working towards Buying Ford FOCUS TDCI after test driven it TWICE (once Hatchback, once Sedan) and FELL in LOVE with the Endless Torque.

RON97 up 10 sen/L at midnight, sources say

RON97 up 10 sen/L at midnight, sources say
Malaysian Insider, January 31, 2011

RON97 is subject to a managed float. — Reuters pic

KUALA LUMPUR, Jan 31 — The price of RON97 petrol will be increased by 10 sen to RM2.50 effective midnight, according to industry sources.

The price of the premium fuel was last raised on January 4, also by 10 sen.

The government announced on July 16 last year that the price of RON97 will be subjected to a managed float to reflect the price of oil on the global market.

The latest increase will, however, not affect other fuels.

The base grade RON95 petrol remains at RM1.90 per litre, diesel at RM1.80 per litre, and LPG at RM1.90 per kg. The government currently subsidises 30 sen of the RON 95 fuel cost.

The Najib administration has opted to gradually slash subsidies as a way to reduce government deficit.

The government’s Performance Management and Delivery Unit (Pemandu) had said last year that savings from fuel subsidy cuts amounted to about RM3 billion last year. This number will rise to RM14 billion this year, RM21 billion in 2012, RM29.5 billion in 2013, and RM35 billion in 2014.

RON97 and kerosene up 10 sen per litre effective today

RON97 and kerosene up 10 sen per litre effective today

UPDATED @ 11:17:28 PM 04-01-2011

SOURCE: Malaysian Insider

January 04, 2011

KUALA LUMPUR, Jan 4 — The prices of RON97 petrol and kerosene will be increased by 10 sen respectively effective midnight, said Petrol Dealers Association of Malaysia (PDAM) president Datuk Hashim Othman.

With the increase, RON97 petrol will cost RM2.40 per litre (previous RM2.30)while kerosene will be sold at RM2.50 per litre.

Hashim, when contacted said that he was informed about the increase by the authorities, tonight.
The government announced on July 16 last year that the price of RON97 will be subjected to a managed float to reflect the price of petrol in the global market.

The last time price of RON97 went up was on Dec 1, 2010 when there was a 15 sen increase.
Today’s increase will however, not affect RON95 petrol that remains at RM1.90 per litre, diesel RM1.80 per litre and LPG RM1.90 per kg.

According to a report today, oil produced by the Organization of the Petroleum Exporting Countries (OPEC) increased to US$89.79 at the start of the week. — Bernama.

My opinion:  

Hey, IT"S NOT EVEN REACHING US$100 mark yet...  Why increase again?  Note that in 2008, it touched US$140+ mark.  WHAT IF IT REACHES its peak again? 

I shudder to think when Oil hits USD140 again. Thats equal to RM3.60 a litre on Ron 97 if on the same scale of movement.

 

Very disappointed...  That's all I can comment...

4-dalam-1: Harga petrol, diesel, gas, gula naik lagi

Dis 3, 10 5:07pm

SOURCE:

Kongsi 2093

 

Harga petrol RON95, diesel, Petroleum Gas Cecair (LPG) dan gula dijangka mengalami kenaikan lagi mulai tengah malam ini. Ia berikutan keputusan kerajaan menyelaraskan kadar subsidi.

Petrol RON95, dipercayai akan dinaikkan 5 sen menjadikan harga RM1.90 seliter.

Dua hari lalu, petrol RON 97 naik sebanyak 15 sen kepada RM2.30 seliter. Kenaikan itu berikutan perubahan harga pasaran yang diapungkan sejak Julai lalu.

Harga diesel pula dipercayai dinaikkan 5 sen menjadikannya RM1.80 seliter manakala gas LPG juga naik 5 sen menjadikan harganya RM1.90 sekilogram.

Harga gula pula dikatakan akan naik 20 sen menjadikan harganya RM2.10 sekilogram.

Semua harga baru dijangka berkuatkuasa pada jam 12.01 pagi esok. Ia didedahkan pada taklimat kepada editor di Putrajaya oleh Unit Pengurusan Prestasi dan Perlaksanaan (PEMANDU) .

Malaysiakini turut dijemput ke taklimat itu melalui panggilan telefon tetapi wartawan kami dihalang memasuki ibupejabat Unit Kordinasi dan Pelaksanaan di Pejabat Perdana Menteri, kemudiannya tanpa sebarang alasan.

Pengumuman rasmi daripada Jabatan Perdana Menteri berhubung kenaikkan ini dijangkakan pada jam 8 malam.

Kali terakhir harga barangan meningkat adalah pada 15 Julai lalu. Ia membabitkan kenaikan 5-dalam-1. Barangan yang terjejas itu adalah dua gred petrol, diesel, gula dan gas.

END OF SOURCE...

My (JEFF LIM'S) OPINION:

"I just don't get this mechanism and the logic behind.  When the fuel price DOWN, our fuel price REMAINED THE SAME, BUT When the FUEL PRICE UP, we follow suit."  When is this going to end.  My Neighbourhood Coffee shop in Section 17, PJ, "HOWYEKEE" (PICTURE BELOW) just increased ALL THEIR FOOD AND DIMSUM BY AT LEAST 10% ACROSS THE BOARD (Up to 25% for Drinks) back in August. Eg. Economy Rice now RM3.90 (from 3.60), Taai Pau now RM3 from RM2.80, Siu Maai from 1.60 to 1.80, Small Noodle now RM4.50 from RM4. Now I can see that they'll have another REASON to HIKE THE PRICE!

ALL THEY NEED TO CUT is their OWN GOVERNMENT Expenditure.  Eg. NEW Prime Minister's Residence, ANOTHER PARLIAMENT RENOVATION, SCRAP the 100-storey TOWER MEGA PROJECTS, 10% PAY CUT in ALL GOVERNMENT DEPARTMENTS' STAFF (1.3 million of them and counting) and the amount is of SAVING'S DEFINITELY MORE THAN FUEL HIKE.