KUALA LUMPUR: The price of RON95 and RON97 petrol is set to go up by 20 sen for the month of February.
A source within the Malaysian Petrol Dealers Association (PDAM) confirmed that as of midnight, RON95 will be priced at RM2.30 per litre.
This marks a 20 sen increase from January prices.
RON97 will retail at RM2.60 per litre, also a 20 sen increase from January. Diesel will be priced at RM2.15 per litre, marking a 10 sen increase, while Euro 5 diesel will retail at RM2.25 per litre, a 10 sen rise.
Social media had been awash with rumours of a fuel price hike today, with claims RON95 and RON97 would see a 15 sen increase.
The rumours had prompted PDAM chief Datuk Khairul Annuar Abdul Aziz to clarify that the claims were unsubstantiated and that the public should wait for the official announcement.
The country’s petrol and diesel prices have been placed on a managed float system from Dec 1, 2014 following the removal of fuel subsidies.
The retail price of RON95 and diesel were set according to the average prices of fuel in the world market for a month, as well as being influenced by the ringgit's movement against US dollar.