It’s already the last month of the year. For Malaysian motorists, there’s at least a small positive news.
As of today (1st December), fuel prices have been slightly reduced across the board. Prices for petrol and diesel have gone down by 5 sen, according to a news report by Bernama.
As such, the new price for RON95 will be RM1.90 per litre (down from RM1.95 per litre), RON97 at RM2.25 per litre (down from RM2.30 per litre), diesel at RM1.85 per litre (from RM1.90 per litre), and Euro 5 diesel at RM1.95 per litre (from RM2 per litre).
Since 1st December 2015, Malaysia’s petrol and diesel prices have been managed on a float system following the removal of fuel subsidies due to falling global fuel prices. The managed float system is based on the monthly average world price of crude oil.
Source: Bernama via Astro Awani.