Another season of higher fuel cost. The newly introduced RON 95 fuel is now priced at RM1.80 - five sen higher than the previous RM1.75. Meanwhile, RON 97 is upgraded as a premium product and has gone up to RM2.05 from RM1.80. The RON 92 is being phased out from the market.
The new prices were decided based on the current method of Automatic Pricing Mechanism (APM).
With the price of 5 sen higher, the Government is still subsidising 33.81 sen per litre (of RON 95) which is equivalent to RM304mil monthly.
The newly introduced RON 95 also adheres to the EURO2M specification which can contribute to the reduction in pollution.
RON stands for Research Octane Number. A higher octane number means higher resistance to engine “knocking”. “Knocking” could possibly damage the engine over time.
More information can be found HERE.