Fuel is now cheaper (again)

Hmm, I've still got more than 1/3 of a tankful of Vpower from my last refueling run, and yet, yesterday, the Government announced yet another drop in petrol prices!

So, with the global price of oil dropping below USD50 per barrel, it's only a matter of time before the next fuel price revision. Here in Malaysia, the price of fuel is still regulated by the Government, who was supposed to finalize any time now whether or not to float the oil prices, just like every body else is doing.

So today, at the pumps, the prices are:

• RON 97 - RM 1.80 per liter
• RON 92 - RM 1.70 per liter
• Diesel - RM 1.70 per liter
• Vpower - RM 2.18 per liter (information from the guys at 8GCC)

On a separate note, local fishermen are still on strike as their extra subsidized diesel is still RM 1.30 per liter (just reduced from RM 1.43). They were expecting to pay only RM 1.00....
That price also applies to holders of Fleet Cards and Diesel Discount Cards (for certain commercial clients with more than 3 vehicles and for those who are eligible under the Government's subsidized diesel control scheme respectively). Obviously, to apply you'll need an Official Approval Letter’ from Ministry of Domestic Trade and Consumer Affairs (MDTCA). For Fleet cards, only certain industries apply, for example, you will be entitled for one if you are with the Pan Malaysian Bus Operators Association or Pan Malaysian Lorry Owners Association.