Published: Tuesday May 12, 2009 MYT 11:54:00 AM
Updated: Tuesday May 12, 2009 MYT 3:09:25 PM
Petrol price: RON97 to cost 20sen more
By MAZWIN NIK ANIS
PUTRAJAYA: The RON97 petrol will be sold at RM2 per liter effective Sept 1, which is 20 sen more than its current selling price once RON95 is available nationwide.
The RON97 will be sold as a premium petrol product while RON92, the cheapest petrol currently available, will be removed from the market.
The RON95 - to be sold at RM1.75 - would be available to consumers in stages effective Wednesday and all petrol stations nationwide would sell the product by Sept 1, said Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob.
“By Sept 1, RON97 will be the alternative petrol and a premium product.
Instead, the RON95 petrol will be the choice petrol for consumers and be rest assured, the product is of high quality and is good enough to be filled into even luxury and high-powered cars,” he said.
Ismail Sabri said the decision to phase out the RM1.70 per liter RON92 would not affect consumers as statistics show that only 5% to 10% of vehicle owners use the petrol, adding by paying only 5 sen a liter more, consumers would get to enjoy better quality petrol.
He said at RM1.75 per litre, the government has to fork out 3 sen in subsidy for RON95 while a subsidy of 6 sen is paid for every liter of RON97, adding it could not be determined yet if there would be revenue for the government when RON97 be sold at RM2 as it all depend of the global petrol price.
Source: The Star
Updated: Tuesday May 12, 2009 MYT 3:09:25 PM
Petrol price: RON97 to cost 20sen more
By MAZWIN NIK ANIS
PUTRAJAYA: The RON97 petrol will be sold at RM2 per liter effective Sept 1, which is 20 sen more than its current selling price once RON95 is available nationwide.
The RON97 will be sold as a premium petrol product while RON92, the cheapest petrol currently available, will be removed from the market.
The RON95 - to be sold at RM1.75 - would be available to consumers in stages effective Wednesday and all petrol stations nationwide would sell the product by Sept 1, said Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob.
“By Sept 1, RON97 will be the alternative petrol and a premium product.
Instead, the RON95 petrol will be the choice petrol for consumers and be rest assured, the product is of high quality and is good enough to be filled into even luxury and high-powered cars,” he said.
Ismail Sabri said the decision to phase out the RM1.70 per liter RON92 would not affect consumers as statistics show that only 5% to 10% of vehicle owners use the petrol, adding by paying only 5 sen a liter more, consumers would get to enjoy better quality petrol.
He said at RM1.75 per litre, the government has to fork out 3 sen in subsidy for RON95 while a subsidy of 6 sen is paid for every liter of RON97, adding it could not be determined yet if there would be revenue for the government when RON97 be sold at RM2 as it all depend of the global petrol price.
Source: The Star
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