Petrol price in Malaysia will be revealed weekly on Wednesday as of 2017. Thus, we planned to open a page to let our lovely Malaysian know about Malaysia’s petrol price from here! Any Malaysian driver would, at some point, have some thought-provoking questions, such as: What is the petrol price today? How can one save on petrol? In today’s news, we going to tell you the latest petrol price in Malaysia and some petrol tips.
Petrol Price in Malaysia 30 Nov to 6 Dec 2017 (Fuel RON95, RON97 & Diesel)
Question: What is the petrol price today?
As mentioned above, we’ll be covering all the petrol price about Fuel ROM95, RON97 and Diesel as well. So, let’s take a look at this week’s price from 30 Nov to 6 Dec 2017. According to the official government announcement, here is the price for this week in Malaysia.
- RON95: RM2.30 per litre (no change)
- RON97: RM2.58 per litre (no change)
- Diesel: RM2.25 per litre increased by RM0.02
Last 3 month’s petrol prices record:
- Petrol Price Malaysia October 2017:
- Petrol Price Malaysia September 2017:
- Petrol Price Malaysia August 2017:
How Fuel Prices Are Determined in Malaysia
Since 1983, the retail price of petrol and diesel is set using the Automatic Pricing Mechanism (APM). So what is the APM for? In fact, it is used to ensure the retail price and the actual price is different and will be borne by subsidies and sales tax exemptions. Furthermore, it also controls or in other words fix the margin of all the oil companies and minimises the disruptions of petrol and diesel supply.
There are several components that make up the APM mechanisms, according to AsiaOne:
- Cost of product
- Operation cost
- Oil companies’ margin
- Station dealers’ margin
- Sales taxes
5 Tips For Saving Fuels
- Stick to the same limit
- Turn the air-conditioning off
- Don’t drive in the rush hour
- Pump up your tyres
- Travel light
- Don’t let your engine idle
- Don’t be a revhead
- Close the windows (and sunroof, if you’ve got one)
Best Petrol Credit Cards in Malaysia
Petrol credit cards offer cash back, reward points or discounts from petrol stations that you use regularly
1.HSBC Amanah MPower Platinum Credit Card-i
Enjoy extra savings and up to 8% cashback on your petrol and groceries with HSBC Amanah’s latest cash rebate programme.
2.Public Bank Petron Visa Gold
Get this PB credit card to enjoy up to 5% cashback at any Petron service station in Malaysia.
3.Citi Cash Back Platinum
Up to 5% cash back on petrol.
4.Shell-Citi Gold Credit Card
Earn cash rebates of up to 8% on petrol at any Shell station nationwide.
5.Standard Chartered JustOne Platinum MasterCard
Swipe on petrol and setup auto-billing to enjoy great rebates up to 15% each month
2 Facts About Malaysia Petrol
- Ron 97 is subjected to 6% Government Service Tax (GST) starting 1st April 2015
- The retail price of petrol and diesel is set using the Automatic Pricing Mechanism (APM) since 1983
Latest News About Fuel Prices in Malaysia
- Johari: Govt may increase BR1M amid rising fuel prices
- Rafizi wants year-end 20-sen fuel subsidy
- Camp outside Parliament if fuel prices rise again – Amanah Youth to M’sians
Petrol Price Malaysia Prediction
Let’s predict what will be the petrol price next week. We value your estimation and feel free to join the discussion with us by sharing this post and hashtag #PetrolPriceMalaysia so that we can find your opinion on Facebook.
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Disclaimer: This information is brought to you by Penang Foodie. The information provided here has been updated as at 22 November 2017. Please visit official government portal for the most updated weekly petrol price Malaysia.
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