“Based on our calculations, it is expected to increase. But nothing is official yet,” PDAM president Khairul Annuar Abdul Aziz told FMT.
He was asked to comment on a WhatsApp message currently making the rounds that the widely used RON95 will cost 15 sen more, going up from RM2.10 to RM2.25 per litre.
RON97, it is claimed, will see a 5 sen increase to RM2.45, while diesel is expected to see a 20 sen jump to RM2.25 per litre.
Since Putrajaya switched to the controlled flotation method three years ago – following a drop in global oil prices – petrol prices are revised at the start of every month.
On Jan 1, the cost of RON95 petrol went up by 20 sen to RM2.10 per litre, while RON97 increased by 15 sen to RM2.40 per litre. Diesel too, saw a 20 sen increase to RM2.05 per litre.
The increase that is expected tomorrow, can be attributed to the increase in the price of crude oil in the world market as well as the decline in the value of the ringgit.
The retail price of RON95 and diesel are set at the beginning of each month based on the average price of the fuel in the world market for a month.