Record high RM3.00 per liter for RON97 - 7 Sept 2012

Breaking records is almost always a good thing. Unfortunately, this time there will be lots of negativity accompanying this latest announcement by the Malaysian Petrol Dealers Association President Datuk Hashim Othman, as reported in The Star Online : http://thestar.com.my/news/story.asp?file=/2012/9/7/nation/11984382&sec=nation

Now, some some strange reason, the increase of RON97 prices from RM2.60 per liter (effective 5 July 2012)  to RM2.70 per liter effective 10 August 2012 last month was very stealthy, as there was no news on this in either of the two popular Malaysian English news portals (perhaps there was something more important to report during that time...?).

So, the new graph charting the fluctuations in RON97 prices per liter:

Skyrocketing upwards at an all time high!

What devastating news, coming just a week after our Merdeka (Independence) Day....

To be fair, most cars in Malaysia are able to make do on with RON95, except for those high performance makes like the Civic Type R. My personal opinion is that while the effect of the minority can be seen by this, what we don't see is that the majority of consumers currently running on the RON95 will now eat further into the tax-payers' dollars, since RON95 is still flat at the subsidized price of RM1.90 per liter.

Well, with monthly fluctuations seen in the RON97 prices since June 2012, it's anyone's guess which way the plot will go come early October. Till next month then....