Based on the calculation under the APM formula, the retail price of RON95 petrol and diesel products for the period between April 27, 2019 to May 3, 2019 should rise by 1 – 2 sen sen a litre. Motorists should therefore be paying RM2.51 per litre and up to RM2 .48 per litre, of RON95 petrol and diesel, respectively.
But don’t worry, those real-world prices will not be applied in Malaysia as the government will use subsidies to maintain them at RM2.08 per litre for RON95 petrol and RM2.18 per litre for diesel (add 10 sen more per litre for the cleaner and better Euro5 grade).
RM133.62 million for subsidies over 7 days
The estimate of the subsidies utilised by the government for just these coming 7 days alone is said to be RM133.62 million.
However, RON97 petrol is not subsidised and therefore, the 1-sen real-world increase will be applied. This takes the price at the pumps to RM2.81 a litre, effective after midnight today.
Win RM5,000 when filling up!
If you fill up with BHPetrol, just single purchase of RM40 of any of their fuels (Infiniti 95, Infiniti 97, Infiniti Diesel or Infiniti Euro 5 Diesel) could get you another RM5,000 as well. This is because Boustead Petroleum Marketing Sdn Bhd – which distributes and markets BHPetrol products and services – has brought back its ‘Win RM5,000 Cash Daily’ promotion. Join the promotion which is on until May 15 2019 and you could be one of the daily winners.