PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Here's some good news: petrol prices from Feb 1 have been revised downwards from its January prices.
For the second month of 2016, RON95 will be priced at RM1.75 (S$0.60) per litre, a decrease of 10 sen from January.
RON97 will cost RM2.05 (less 20 sen), while diesel will go on sale at RM1.35 (less 25 sen).
The price of Euro 5 diesel will also go down by 15 sen to RM1.45.
When contacted, Petrol Dealers Association of Malaysia president Datuk Hashim Othman confirmed the new pricing.
The Ministry of Domestic Trade, Co-operatives and Consumerism decided to set the prices of petrol and diesel on a managed float system from Dec 1 last year, following a removal of all fuel subsidies.
Since then, fuel prices have been going down as world prices also took a beating.
January prices saw a reduction from the December prices, with RON95 selling at RM1.85 per litre (RM1.95 in December) and RON97 at RM2.25 (RM2.45).
Diesel and Euro 5 diesel, priced at RM1.60 and RM1.70 respectively in January, both fell by 30 sen compared to the previous month.