New fuel price of Ron 95 and Ron 97 from Tuesday
The newly introduced RON 95 fuel is available for RM1.80 - RM1.75 five sen higher than the previous one. Meanwhile RON is maintained 97 as a premium product and has rise RM2.05 from RM1.80 beginning 1 September 2009.
Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the new prices were decided based on the current method of Automatic Pricing Mechanism (APM).
Ismail said the upward revision of the prices was necessary as the global crude oil price had doubled since the announcement by former minister Datuk Shahrir Abdul Samad in March that RON95 would be sold at RM1.75.
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