Petrol Prices In Malaysia 2017

How Petrol Prices are Determined in Malaysia

Historically, the price of petrol in Malaysia was subsided by the government to keep the price artificially low. However, this changed in recent years when the government adopted a managed float system where the price of fuel would be announced monthly. Price adjustments are made based on the average price per liter of refined oil.

Starting March 29, 2017 the government decided to switch up the system again and adopt a weekly ceiling price. This means that individual petrol stations are allowed to deviate from the ceiling price, provided they get approval from the government first.

See also: Latest Petrol Prices in Malaysia – RON95, RON97 & Diesel [UPDATED WEEKLY]

The announcement that the system would change from a monthly price announcement to a weekly ceiling price came as a surprise and caught a lot of station owners off guard, fearing they would face heavy competition in terms of fuel prices.

However, a deviation from the ceiling price requires approval from the government and as long fuel price does not rise too much, individual stations have no reason to deviate from the ceiling price. Here's the list of the petrol prices in the 2017.

Related: 12 Ways To Reduce Your Petrol Spend

December 2017 Petrol Prices In Malaysia

Despite the sharp rise over the past few weeks, government has stated that it will not intervene and manage the fuel prices as of the moment.

"The Finance Minister II said the government would only consider stepping in if the global crude oil price increases to such a critical level that could lead to an extreme inflation of the economy." The Sun reported.

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November 2017 Petrol Prices In Malaysia

October 2017 Petrol Prices In Malaysia

For the latest week, Ron 95's, and Ron 97's prices will go up by 3 sen while diesel's price will go up by 2 sen.

See also: How to Save Money with Weekly Petrol Pricing

September 2017 Petrol Prices in Malaysia

For the latest week, Ron 95  and 97 will be going down by 3 sen while Diesel prices will go up by 2 sen.

August 2017 Petrol Prices in Malaysia

Overall, petrol and diesel prices were on the uptrend in August 2017.

July 2017 Petrol Prices in Malaysia

Petrol prices for RON95, RON97 and Diesel have continued to drop, in line with the trend of the last few weeks. Another week of record lows, time to fill up! Check back next week for the latest fuel prices! We will continue to update this page to keep you informed and to make sure you are not overpaying for your fuel.

Related: The Best Petrol Credit Card for Malaysians

June 2017 Petrol Prices in Malaysia

May 2017 Petrol Prices in Malaysia

April 2017 Petrol Prices in Malaysia

Don't forget to check out the latest petrol prices here!

Related: 5 Ridiculously Simple Ways to Save Money On Petrol