Heading towards the Chinese New Year holidays at the beginning of next month, the prices of petrol remain unchanged but diesel is up by 1 sen a litre, taking it to RM2.18 per litre for the Euro-2M grade. The cleaner and better Euro-5 grade costs another 10 sen per litre but your engine will thank you for using it, and you will also help reduce air pollution.
Petrol prices will remain at RM1.98 per litre for RON95 and RM2.28 a litre for RON97, which is formulated to Euro-4M specifications. The suffix ‘M’ indicates that the Euro-4 specification has been modified as a Malaysian version which takes into account certain local factors. While RON97 petrol meets Euro-4M standards, RON95 remains at the Euro-2M level and the main difference is the amount of sulphur in the fuel. Euro-2M allows up to 500 parts per million (ppm) of sulphur content whereas Euro-4M is 10 times less at 50 ppm. Like Euro-5 diesel, this is therefore better for engines as well as the environment.
The Ministry of Finance, which is now the ministry making announcements on weekly price revisions, reiterated that it will ensure stability in the prices of diesel and RON95 petrol in as much as capping these fuel prices at RM2.20 and RM2.18 per litre, respectively. Should the prices have to be higher, the government will offset the extra cost using subsidies. This, however, is a short-term policy and will be stopped when the targeted subsidy approach is implemented later in the year.