PUTRAJAYA, Dec 31 – The price of RON95 and diesel for January, 2015 will be cheaper by 35 sen (RM1.91 per litre) and 30 sen (RM1.93 per litre) respectively, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek Hasan said in a statement earlier that the pricing for RON97 per litre has also decreased from the previous RM2.46 per litre to RM2.11 per litre. He said that the new prices would be effective at 12.01am.
Earlier this month, the price of RON 95 and RON 97 were reduced by four sen and nine sen, bringing the price to RM2.26 per litre and RM2.46 per litre respectively. However, the price of diesel was increased by three sen from RM2.20 per litre. The government, on Nov 21, had decided that fuel subsidies for RON95 and diesel would be removed on Dec 1, following the implementation of a managed float system. Under the system, the monthly average of the world crude oil price would determine the retail fuel prices of the following month.