December 2017: Latest Petrol Prices In Malaysia [Updated]

December 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 are the latest prices for petrol in Malaysia:

Fuel prices for December 14 - 20, 2017
RON95
RON97
Diesel

RM2.25

(-RM0.04)

RM2.52

(-RM0.05)

RM2.20

(-RM0.01)

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:

RON95 v RON97: Which is the better fuel?

On paper, RON97 is more expensive than RON95 and considered to be of higher quality. But is it better for your engine and does it enhance the performance of your car as compared to RON95?

We did the “dyno” test a while back to put this theory to the test.  Our reason for this was to simply test a vehicle – in this case, it was a stock Myvi 1.5 – in a controlled environment, limiting the number of variables in your test such as different road conditions, traffic or even driving styles.

What we found is that it only matters if your car has been optimised for a certain type of fuel. For example, in our test, we discovered that the Myvi 1.5 we used had been optimised for RON95 fuel usage.

This applied vice versa. If someone drove a RON97-optimised auto, such as the Suzuki Swift Sport, using RON95 would likely cause that car to perform less efficiently.

But the point is this: unless you car’s engine requires RON97, there’s really no point in spending more on premium fuel as it does not really give you an added performance advantage.

For more on our dyno test, click this article link. 

Top 7 tips to save petrol

With petrol prices fluctuating faster than your weight, it’s time to be proactive in other ways to save petrol. Here are five easy ways for you to shave some of your petrol cost off:

1. Do not leave your engine idling

For every two minutes you leave your car idle, you are burning the same amount of petrol to travel about 1.5km. This is bad enough for those who live the city where traffic congestion is a daily occurrence.

The next time you are waiting for someone, turn your engine off. Leaving your engine idle does not only waste petrol, it is also releasing unnecessary harmful emissions. So, be kind your your wallet and the environment by reducing idling whenever and wherever you can.

2. Pump up your tyres

How often do you check the inflation of your tyres? It is not only dangerous to drive with tyres that are under-inflated, it can also affect your vehicle’s fuel efficiency. The reason under-inflated tyres waste more petrol is because they create too much traction, and thus need more petrol to get them going. However, over-inflating your tyres can be dangerous. Check your tyres inflation regular.

3. Get your car serviced

Research suggests that fuel economy can be sustained through proper vehicle maintenance. Even if your vehicle is old, it won’t affect your fuel efficiency if you care for your vehicle well.

If you can’t remember when was the last time you serviced your vehicle, it’s time to book an appointment with the workshop now. Set a reminder on your phone to ensure you never miss your service appointment again.

4. Plan your journeys

Make use of free GPS apps such as Waze and Google Maps when you are driving. Using GPS will help you plan your journeys effectively so you won’t make a wrong turn and waste precious fuel. Learn the route to the destination before starting your journey to avoid getting lost and being stuck in traffic. Circling round and round looking for your destination can make a huge difference to your petrol consumption, so it’s worth planning your route before you leave home.

5. Use petrol loyalty card

A penny saved is a penny earned, which why arming yourself with the right petrol brand loyalty card can help you maximise your petrol dollar simply. The best way to find the best petrol brand loyalty card that gives you the most is to first of all find a petrol brand that you regularly pump from. For example, a petrol brand with the nearest station to your home or workplace. Then you can narrow it down to how much your need to spend to earn points and what is the value of the points. Petrol loyalty card such as the Petron Miles card also gives you additional discounts and privileges from other merchants.

Check our comparison of petrol brand loyalty cards to help your decide!

6. Use the right credit card

If you spend a lot on petrol, it’s time to get yourself the right credit card to cut your fuel cost every month. The best petrol credit card should give you good cashback or rewards points on your petrol spending at the petrol brand that you purchase from. Some cards only offer cashback or points at certain petrol brands, while cards like Maybank 2 Cards American Express do not restrict the petrol brand and it allows you to earn 5x TreatPoints everyday and an additional 5% cashback on weekends.

HSBC Amanah MPower Platinum Credit Card-i

HSBC Amanah MPower Platinum Credit Card-i

Up to 8% cashback everyday on your petrol spending at Shell, Caltex, Petronas and BHP.

Get RM250 Cash Back when you apply and spend with a HSBC Credit Card via iMoney

7. Drive manual transmissions vehicle

According to Budget Direct, manual transmissions save drivers between 5% and 15% on their fuel costs. The reason for this is because manual transmission engines tend to be less complex, weigh less (weight savings = fuel savings), and have more gears than automatics (which lets you optimise on fuel savings). Although there are exceptions to the rule, manual cars do help you save fuel and they also tend to be cheaper than their automatic counterparts, and require less maintenance, which will save you money in the long run.

Historical petrol price in Malaysia

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)
July 20 to 26, 2017
RM1.97
(Unchanged)
RM2.22
(Unchanged)
RM1.96
(Unchanged)
July 27 to August 2, 2017
RM2.03
(+0.06)

RM2.28
(+0.06)
RM1.99
(+0.03)
August 3 - 9, 2017
RM2.07

(+RM0.04)
RM2.32

(+RM0.04)
RM2.05

(+RM0.06)
August 10 - 16, 2017
RM2.12

(+RM0.05)
RM2.39

(+RM0.07)
RM2.06

(+RM0.01)
August 17 - 23, 2017
RM2.15

(+RM0.03)
RM2.43

(+RM0.04)
RM2.04

(-RM0.02)
August 24 - 30, 2017
RM2.15

(unchanged)
RM2.43

(unchanged)
RM2.01

(-RM0.03)
August 31 - September 6, 2017
RM2.16

(+RM0.01)
RM2.44

(+RM0.01)
RM2.04

(+RM0.03)
September 7 - 13, 2017
RM2.20

(+RM0.04)
RM2.48

(+RM0.04)
RM2.05

(+RM0.01)
September 14 - 20, 2017
RM2.21

(+RM0.01)
RM2.52

(+RM0.04)
RM2.14

(+RM0.09)
September 21 - 27, 2017
RM2.19

(-RM0.02)
RM2.49

(-RM0.03)
RM2.10

(-RM0.04)
September 28 - October 4, 2017
RM2.16

(-RM0.03)
RM2.46

(-RM0.03)
RM2.12

(+RM0.02)
October 5 - October 11 2017
RM2.19

(+RM0.03)
RM2.49

(+RM0.03)
RM2.17

(+RM0.05)
October 12 - October 18 2017
RM2.16

(-RM0.03)
RM2.46

(-RM0.03)
RM2.10

(-RM0.07)
October 19 - October 25 2017
RM2.17

(+RM0.01)
RM2.47

(+RM0.01)
RM2.11

(+RM0.01)
October 26 - November 2 2017
RM2.20

(+RM0.03)
RM2.50

(+RM0.03)
RM2.13

(+RM0.02)
November 3 - November 9 2017
RM2.27

(+RM0.07)
RM2.56

(+RM0.06)
RM2.18

(+RM0.05)
November 10 - November 16 2017
RM2.31

(+RM0.04)
RM2.60

(+RM0.04)
RM2.20

(+RM0.02)
November 17 - November 23 2017
RM2.38

(+RM0.07)
RM2.66

(+RM0.06)
RM2.25

(+RM0.05)
November 24 - November 29 2017
RM2.30

(-RM0.08)
RM2.58

(-RM0.08)
RM2.23

(-RM0.02)
November 30 - December 6 2017
RM2.30

(unchanged)
RM2.58

(unchanged)
RM2.23

(unchanged)
December 7 - December 13 2017
RM2.29

(-RM0.01)
RM2.57

(-RM0.01)
RM2.21

(-RM0.02)

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