Do you use RON97 petrol or RON95 petrol for your vehicle? If you are using RON 97 petrol all this while, then you need to pay extra 10 sen to RM 2.40 per litre effective midnight of Jan 4, 2010. If you are aware, the RON 97 petrol price has just increased on Dec 1, 2010 which went up 15 sen per litre.
Kerosene price is also up from RM 2.40 to RM 2.50 per litre. Luckily, the price of RON 95 is remaining the same at RM 1.90 per litre, diesel at RM 1.80 per litre and LPG at RM 1.90 per kg.
Actually, Malaysia Government had announced in last year that the price of RON 97 will be floating follows the Global oil market without subsidiary. Based on current oil prices, we know that the global oil prices are increasing as well in early of 2011. The current OPEC oil price is US$89.89 per barrel and might be increased again in the near future.
Do you think that the price of RON 95 and Diesel will increase also to close the gap between RON 95 and RON 97?