Price Of RON95 Drops Second Week In A Row To RM1.82

This is the second week in a row that fuel prices have gone down.

Cover image via New Straits Times

The Ministry of Finance (MOF) has just announced that the fuel prices will go down across the board for the second week in a row

In a tweet, the ministry announced that the price of RON95 will go down by seven sen starting tomorrow, 14 March, and it will last until 20 March.

Prices of RON97 and diesel will both go down by nine sen.

According to Free Malaysia Today, the MOF cited the dispute among oil-producing countries and the COVID-19 pandemic for the price drop.

A quick check on the history of fuel prices in Malaysia revealed that RM1.82 for a litre of RON95 is the cheapest price since at least December 2014

Image via Autoworld

This is based on the data provided by iMoney and CompareHero.

The last time the price of RON95 was below RM1.90 was in June 2017.

From 29 June 2017 until 5 Jully 2017, the price of RON95 was RM1.89.

Since January last year, the country has been practising weekly float pricing:

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