RON95 To Cost 21 Sen Less For February 2015

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This follows the Domestic Trade, Cooperatives and Consumerism Ministry's decision to set the market price of Ron 95 and diesel based on a managed float, starting Dec 1, last year. It warned oil companies and petrol station operators that strict action would be taken against parties that fail to comply with the new prices.

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However, with oil prices showing no signs of recovery, Malaysians should be able to look forward to cheaper oil prices in 2015.

Ahmad Maslan said last month that the government would continuously monitor the market development of the cost of the products and exchange rates in fixing the retail prices of petrol and diesel.