March 2022 week three fuel price – RON 97 now RM4!


It’s Wednesday, which means it is time once again for the weekly Malaysian fuel price update. The ministry of finance has announced the prices of fuel for the coming week of March 17 to 23, and regular users of premium petrol will face another ramp up in costs; RON 97 petrol takes a 25 sen hike to RM4.00 per litre, up from RM3.75 per litre of last week.

As for RON 95, this grade of petrol continues to be capped at the ceiling price of RM2.05 per litre, as set by the government in February last year. Given the continuously rising global oil prices, the Malaysian government pays dearly for subsidising fuel, and the finance minister said last week that the fuel subsidy will be reviewed.

That said, diesel fuels, as with RON 95 petrol, continue to under the current price cap, and the Euro 5 B10 and B20 blends of diesel remain at RM2.15 per litre. Correspondingly, the Euro 5 B7 blend is pegged at RM2.35 per litre, following its price hike at the beginning of this year.

These prices take effect from midnight tonight until Wednesday, 23 March, when the next set of fuel price updates will be announced. This is the 12th edition of the weekly fuel pricing format for 2022, and the 166th in total since the system’s introduction in 2019.

The post March 2022 week three fuel price – RON 97 now RM4! appeared first on Paul Tan’s Automotive News.


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