July 2017: Latest Petrol Prices In Malaysia [Updated]

July 2017: Latest Petrol Prices In Malaysia [Updated]

On December 1, 2014, the Malaysian government has changed the petrol prices from subsidised prices to the managed float. Under the managed float system, the government sets pump prices based on the average cost of refined oil (MOPS fuel) of the preceding month.

This means — on the first day of every month, petrol prices would be reviewed and revised according to the average price per litre of refined oil of the previous month. If the price of the oil increased last month, the retail prices for the corresponding fuel would also increase, and vice versa.

We saw petrol prices went as low as RM1.60 per litre of RON95 in March 2016. The highest it has gone since the implementation of the managed float system is RM2.30 for RON95, RM2.60 for RON97 and RM2.15 for diesel.

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Here is the latest prices for petrol in Malaysia:

Fuel prices for c
RON95
RON97
Diesel

RM1.97
(Unchanged)

RM2.22
(Unchanged)

RM1.96
(Unchanged)

At one point, the price for RON97 was so affordable, many drivers in Malaysia started pumping the premium fuel. However, we conducted a test on whether RON97 trumps RON95 and here’s what we found.

As of April 2015, consumers would have to pay 6% Goods & Services Tax (GST) on RON97 fuel.

Here’s the historical petrol prices in Malaysia since the implementation of the managed float system:

Fuel/Month
RON95
RON97
Diesel
Dec 1, 2014
RM2.26
RM2.46
RM2.23
Dec 1, 2015
RM1.95
RM2.45
RM1.90
Dec 1, 2016
RM1.90
RM2.25
RM1.85
Mar 30 - Apr 5, 2017
RM2.13
(-0.17)
RM2.41
(-0.19)
RM2.11
(-0.09)
Apr 6 - Apr 12, 2017
RM2.16
(+0.03)
RM2.43
(+0.02)
RM2.08
(-0.03)
Apr 13 - Apr 19, 2017
RM2.24
(+0.08)
RM2.52
(+0.09)
RM2.16
(+0.08)
Apr 20 - Apr 26, 2017
RM2.27
(+0.03)
RM2.54
(+0.02)
RM2.21
(+0.05)
Apr 27 - May 3, 2017
RM2.21
(-0.06)
RM2.49
(-0.05)
RM2.14
(-0.07)
May 4 to May 10, 2017
RM2.11
(-0.10)
RM2.39
(-0.10)
RM2.08
(-0.06)
May 11 to May 17, 2017
RM2.01
(-0.10)
RM2.29
(-0.10)
RM1.95
(-0.13)
May 18 to May 24, 2017
RM2.08
(+0.07)
RM2.36
(+0.07)
RM1.99
(+0.04)
May 25 to May 31, 2017
RM2.12
(+0.04)
RM2.40
(+0.04)
RM2.03
(+0.04)
June 1 to June 7, 2017
RM2.10
(-0.02)
RM2.38
(-0.02)
RM2.02
(-0.01)
June 8 to 14, 2017
RM2.05
(-0.05)
RM2.31
(-0.07)
RM1.94
(-0.08)
June 15 to 21, 2017
RM1.98
(-0.07)
RM2.24
(-0.07)
RM1.88
(-0.06)
June 22 to 28, 2017
RM1.91
(-0.07)
RM2.17
(-0.07)
RM1.88
(Unchanged)
June 29 to July 5, 2017
RM1.89
(-0.02)
RM2.15
(-0.02)
RM1.84
(-0.04)
July 6 to 12, 2017
RM1.93
(+0.04)
RM2.19
(+0.04)
RM1.91
(+0.07)
July 13 to 19, 2017
RM1.97
(+0.04)
RM2.22
(+0.03)
RM1.96
(+0.05)

 

 

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