MERDEKA GIFT: PUMP PRICE RISES

It's official though the news is not new. The Star Online reported on February 20, 2009 that RON97 petrol to cost more in July. For whatever reason, the plan has been deferred to September.

So, starting tomorrow, September 1, new pump price is as follows:

KUALA LUMPUR, Aug 31 — The government has hiked up the price of premium fuel RON97 from RM1.80 to RM2.05 a litre while the new RON95 petrol replacing RON92 will be sold at RM1.80 per litre.

The prices are effective tomorrow, state news agency Bernama reported.

Although the price of Ron 97 increased substantially — by 78 sen — to become RM2.70 on June 08, the price dropped twice within six months in line with the global drop in crude oil prices to RM1.80 on December 16.

The Domestic Trade Minister Ismail Sabri Yaakob did announce on May 12 that the price of RON97 will rise by 20 sen to RM2.00 on Sept 1.

The price of global crude oil was in the US$125 (RM441) neighbourhood before June 2008 when the first major increase was announced last year. Today, crude oil is nestled at US$71 (RM251).

(Source: The Malaysian Insider)

There you are! For all of us who used RON97, it is now a 'premium' petrol.

Now, we've no choice but to use RON95 - its quality almost the same as RON97, only slightly more inferior than 'premium'. ;-)