How much will Malaysians save on RON95 and diesel costs?

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Malaysians to See Reduced Fuel Costs Following Price Adjustments

Malaysians are set to benefit from lower fuel expenditures as the prices for RON95 and diesel are reduced. Specifically, RON95 will decrease by 38 sen per litre, bringing its price down to RM1.44 per litre from RM1.82. Diesel will also see a reduction of 12 sen per litre, changing from RM1.87 per litre to RM1.72 per litre.
Reduction in RON95 Price

The price of RON95 petrol will be lowered by a significant 38 sen per litre. This adjustment means consumers will purchase RON95 at RM1.44 per litre, a decrease from its previous price of RM1.82 per litre. This change is effective from midnight tonight until March 27.
Diesel Price Adjustment

Diesel fuel prices are also being reduced, with a decrease of 12 sen per litre. The new price for diesel will be RM1.72 per litre, down from RM1.87 per litre. This revised price point will be in effect for the same period, until March 27.
Context of Global Oil Price Fluctuations

These price adjustments reflect the recent decline in global oil prices. This global downturn is attributed to concerns surrounding the world economy and the ongoing Covid-19 pandemic. The Ministry of Finance stated that it will continue to monitor global developments.
Government's Commitment to Citizen Welfare

The Ministry of Finance has indicated its intention to take necessary steps to safeguard the welfare and interests of Malaysians. This includes considerations for small and medium enterprises and those in the B40 income group. The ministry aims to ensure that these consumer groups are adequately supported amidst economic changes.

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How much will Malaysians save on RON95 and diesel costs?

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