PUTRAJAYA: RON95 petrol will be available at all petrol stations by Sept 1 and will be sold at RM1.75 per litre.
It will replace RON92 petrol, and push RON97 petrol into the premium product category, where it will be sold at RM2 per litre, 20 sen more than its current price.
Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob said RON95 would be available at all petrol stations, unlike RON92 which was not always available in urban areas.
"We will make sure that it is easy for everyone to buy RON95," he said after the launch of the petrol at a petrol station here yesterday.
RON92, although sold at only RM1.70 per litre, accounted for five to 10 per cent of total petrol sales between 2000 and 2008.
There is no ceiling price for RON97. Oil companies are free to fix their own prices for the premium product.
"But they will have to inform the government if they want to raise the price on their own," said Ismail Sabri.
The government's subsidy formula will also be adjusted to three sen per litre for RON95.
The subsidy for RON97 is currently six sen per litre and it is expected to decrease when the price increases in September.
Ismail Sabri stressed that RON95 was safe and suitable for most types of cars.
"RON95 is standard in most European, American and Japanese petrol companies. We will also make sure that the RON95 sold here is in accordance with EURO2M specifications."
RON95 is already being sold at two Petronas stations in Putrajaya. It comprises 95 per cent octane and five per cent heptane.
RON 97 has 97 per cent octane and three per cent heptane.
Despite this difference, the composition of the base fuel remains the same.
It has been reported that most cars on the road can run on RON92 fuel onwards.
During the NSTLive session with online correspondents at Balai Berita, Bangsar, yesterday, Ismail Sabri gave the assurance that food prices would not go up because RON97 would be more costly.
"Food transporters and manufacturers use diesel and this fuel is not affected in terms of the price," he said.
"RON97 is for high-end luxury cars such as Ferrari. Don't worry, prices of food will not be affected."
Ismail Sabri said RON97 would become a premium product just like Shell V-Power, which retailed for RM2.05.
"Cars in Malaysia do not need RON97. But now you have a choice. We advise consumers to use RON95, which is cheaper than RON97."
To a question whether RON95 would increase the level of carbon emission, Ismail Sabri said other countries had been using RON95 far longer and it had been proven to be environment-friendly.
Source: New Straits Times
It will replace RON92 petrol, and push RON97 petrol into the premium product category, where it will be sold at RM2 per litre, 20 sen more than its current price.
Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob said RON95 would be available at all petrol stations, unlike RON92 which was not always available in urban areas.
"We will make sure that it is easy for everyone to buy RON95," he said after the launch of the petrol at a petrol station here yesterday.
RON92, although sold at only RM1.70 per litre, accounted for five to 10 per cent of total petrol sales between 2000 and 2008.
There is no ceiling price for RON97. Oil companies are free to fix their own prices for the premium product.
"But they will have to inform the government if they want to raise the price on their own," said Ismail Sabri.
The government's subsidy formula will also be adjusted to three sen per litre for RON95.
The subsidy for RON97 is currently six sen per litre and it is expected to decrease when the price increases in September.
Ismail Sabri stressed that RON95 was safe and suitable for most types of cars.
"RON95 is standard in most European, American and Japanese petrol companies. We will also make sure that the RON95 sold here is in accordance with EURO2M specifications."
RON95 is already being sold at two Petronas stations in Putrajaya. It comprises 95 per cent octane and five per cent heptane.
RON 97 has 97 per cent octane and three per cent heptane.
Despite this difference, the composition of the base fuel remains the same.
It has been reported that most cars on the road can run on RON92 fuel onwards.
During the NSTLive session with online correspondents at Balai Berita, Bangsar, yesterday, Ismail Sabri gave the assurance that food prices would not go up because RON97 would be more costly.
"Food transporters and manufacturers use diesel and this fuel is not affected in terms of the price," he said.
"RON97 is for high-end luxury cars such as Ferrari. Don't worry, prices of food will not be affected."
Ismail Sabri said RON97 would become a premium product just like Shell V-Power, which retailed for RM2.05.
"Cars in Malaysia do not need RON97. But now you have a choice. We advise consumers to use RON95, which is cheaper than RON97."
To a question whether RON95 would increase the level of carbon emission, Ismail Sabri said other countries had been using RON95 far longer and it had been proven to be environment-friendly.
Source: New Straits Times
11:27 PM
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