Continuing to contribute to the joy of the festive season, the Ministry of Domestic Trade, Cooperatives, and Consumerism (KPDNKK) has again lowered the prices of all grades of petrol and diesel for another week.

RON95 petrol is down by another 6 sen to RM2.17 a litre while RON97 petrol is down 7 sen, reducing each litre to RM2.43. Diesel prices will be RM2.13 a litre for the Euro2M grade, and RM2.23 for the better Euro5 grade which has extremely low amounts of sulphur.

The latest adjustments, which will be for the period from after midnight tonight till the last day of the month, see pump prices at their lowest since the year started.

The downward trend should please businesses which have been grappling with rising costs. High prices of fuel impact the supply chain as transportation costs go up and if not absorbed, then they get passed on. Ultimately, consumers will suffer with higher prices for goods and services.

But whether the fuel prices are high or low, don’t stop having good driving habits that reduce fuel consumption. Whatever you save on fuel can be used for other more important purchases for yourself or your family.

[Chips Yap]

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