History of petrol prices with managed float system we saw petrol prices went as low as rm160 per litre of ron95 in march 2016 the highest it has gone since the implementation of the managed float system is rm238 for ron95, rm261 for ron97 and rm232 for diesel.
Petrol price malaysia (ron95, ron97 & diesel) 1 – 30 september 2018 tun mahathir announced that the prices of diesel and ron95 petrol would be retained at rm218 and rm220 per litre, respectively, while the price of ron97 would be subjected to a free float in accordance with the market price ron97 price will be updated on every wednesdays.
To stabilize fuel prices, the malaysian government introduced a fuel pricing mechanism in 1983 according to this pricing formula, the pump price may be subject to subsidies of a maximum of myr 05862 for petrol and myr 01964 for diesel.
Shortly after assuming power as malaysia’s seventh prime minister, tun dr mahathir mohamad announced that the government would stabilise the selling price of ron95 and diesel fuels, while the price of the premium ron97 fuel will be floated to reflect the fluctuations in the global commodity market. The impacts of falling oil price in malaysia by lim che en & rashad yazdanifard help college of arts and technology, malaysia abstract-the purpose of this research is to review of subsidies removal for fuel, implementation of new taxation system, and drawbacks of green investment as the impacts of falling oil price in malaysia.
The retail price of diesel fuel also reflects local market conditions and factors such as the location and ownership of retail outlets refiners own and operate some retail outlets, while other retail outlets are independent businesses that purchase diesel fuel on the wholesale market.