Malaysian petrol prices hold steady for first week of July 2024

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Malaysian motorists can breathe a sigh of relief as fuel prices for the first week of July 2024 remain unchanged. This comes after the recent diesel subsidy rationalisation in June, which saw a price increase for diesel.

Here's a breakdown of the fuel prices for the week of June 30th, 2024 to July 3rd, 2024:

  • RON 97: RM3.47 per litre (unchanged)
  • RON 95: RM2.05 per litre (unchanged)
  • Diesel: RM3.35 per litre (unchanged since June 10th)

This marks the continuation of the government's weekly fuel price setting mechanism, which has been in place since 2019.

What to Expect Moving Forward

While there's no official announcement regarding price changes for the following weeks, experts predict a possible "mild adjustment" for RON 95 petrol in July or October 2024. This adjustment is intended to reduce the government's subsidy burden on fuel.

Planning for Potential Price Changes

While the exact date and extent of the anticipated RON 95 price adjustment are unknown, here are some steps you can take to prepare:

  • Monitor fuel price updates: Stay informed about any official announcements.
  • Consider fuel efficiency: If you're planning a car purchase, prioritize fuel-efficient vehicles.
  • Explore alternative transportation: Look into carpooling, public transportation, or cycling for short distances.

By staying informed and planning ahead, Malaysians can navigate potential fuel price changes with a little more ease.

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