Malaysia will be introduced to new fuel type which is RON 95 instead of RON92 and 97 that are available now in Malaysia. RON 95 is said to be priced at nearly same as RON 92. So i think many people will say goodbye to RON97. For more info about the octane number RON 92,95 and 97, please visit this link:
Below we are going to share info from business times about CHEAPER RON95 WILL BE INTRODUCED MIDDLE OF 2009
RON 95 petrol will be introduced by the middle of this year to provide a cheaper fuel option for the masses.
At the same time, a higher tax will be levied on RON97 to subsidise RON95.
This was revealed by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad. A chart on how the retail price of petrol is determined will be provided to the public next week.
The chart will help answer queries and explain how the pricing mechanism works.
RON95, although of a higher grade than RON92, will be priced at the same level as RON92.
Shahrir explained that RON95 was a basic grade of petrol which could be used by virtually all vehicles with the exception of some luxury cars.
“We will introduce RON95 by June or July. RON95 is about 10 sen to 11 sen cheaper than RON97. RON92 is currently priced at RM1.70. We will price RON95 at about the same,” he said after launching the Tesco-RHB Credit Card and Tesco-RHB Debit cards in
Tesco Ampang yesterday.
Shahrir said the pricing of RON95 would be based on the Automatic Pricing Mechanism (APM). Prior to this, there was no price crisis and there was no need to explain on how the mechanism worked, he said.
The pricing of petrol at kiosks is based on the Mean of
Platts Singapore (MOPS), a regional fuel price monitor.
“Should the MOPS price go below US$40 (RM142) a barrel then retail fuel price will fall. If MOPS is above US$78 per barrel, retail fuel price will increase,” he said.