Petrol Prices in Malaysia: RON95, RON97 and Diesel to Remain Unchanged Until Further Notice

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The government has decided to stop the weekly fuel price changes, a system that was introduced last year, until further notice.

The prices for RON95, RON97, and diesel remain unchanged for the time being. Here are the latest prices:

RON95

RON97

Diesel

RM2.20

(No Change)

RM2.47

(No Change)

RM2.18

(No Change)

Here’s a graph showing changing prices of RON95, RON97, and diesel in the last 6 months:

 

Also read: Latest gold price per gram in Malaysia

 Which factors impact the change in petrol prices?

Image source: Zbynek Burival / Unsplash

On a macro level, fuel prices in every country are impacted by the global demand and supply of crude oil, which depend on how much crude gets produced by the Organisation of the Petroleum Exporting Countries (OPEC) and other major producers like Russia and U.S.

Having said that, the previously followed managed float system in Malaysia used to be calculated by an Automatic Pricing Mechanism (APM) which basically took into consideration the price of the refined petroleum products that determined fuel prices at the retail level. (Click here to read more on this).

RelatedTop Petrol Credit Cards in Malaysia That Let Us Drive Around for Less

How do I save on my fuel expenses?

Here are 10 top tips to save on fuel expenses:

  • Go for the cheaper RON95 fuel, unless RON97 usage is recommended for your car engine
  • Minimise driving during rush hours as constant engine turn-offs and turn-ons consume more petrol
  • Always use mapping services like Google Maps to reduce unnecessary driving, thus saving on petrol consumption
  • Turn on the air conditioning only when required
  • Check your tyre air pressure regularly
  • Avoid driving around with unnecessary weight in the boot (weight savings = petrol savings)
  • Drive at a moderate speed (it’s safer as well!), and avoid sudden acceleration
  • Never ditch regular car-servicing; it’ll help maintain your fuel efficiency
  • Your gear should be in proportion to the speed of your car while driving
  • Use a credit  card that rewards your petrol purchases

Related: Beginner’s Guide to Car Insurance: 5 Things You Must Know

Which are the top petrol credit cards in Malaysia?

Citibank Shell-Citi Gold Credit Card - Top Petrol Credit Card in Malaysia

Citibank Shell-Citi Gold Credit Card

 

  • Use the Citibank Shell-Citi Gold Credit Card at Shell fuel stations to get 8% cash rebate on petrol if you charge the card RM2,500 or more in a month. (Get 4% cash rebate if you charge the card between RM300 and RM999 in a month, and 6% cash rebate if you charge the card between RM1,000 and RM2,499 in a month)
  • Annual fee waived off for the first year if you charge your card thrice in the first 60 days after approval
  • Minimum income requirement: RM24,000 p.a.

Standard Chartered JustOne Platinum MasterCard - Top Petrol Credit Card in Malaysia

Standard Chartered JustOne Platinum MasterCard

 

  • Earn cashback of 15% if you use the Standard Chartered JustOne Platinum MasterCard for RM2,500 in a month on auto bill payments, online payments and petrol (capped at RM85)
  • Get 0.2% cashback on all other charges to the card, and if your monthly bill is below RM1,000 (capped at RM12)
  • Get RM128 cashback when you activate the card within 45 days of approval date
  • No annual fee for the first year
  • Minimum income requirement: RM24,000 p.a.

Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i - Top Petrol Credit Card in Malaysia

Maybank Islamic PETRONAS Ikhwan Visa Platinum Card-i

 

Hong Leong Wise Credit Card - Top Petrol Credit Card in Malaysia

Hong Leong Wise Credit Card

 

  • Use a Hong Leong Wise Credit Card for a chosen category (like retail, dining, petrol, etc.) and earn up to 10% rebate for a monthly purchase of RM2,000 or more in your category (total cash rebate capped at RM100)
  • Choose petrol spends as your category if you drive regularly
  • There are 10 categories for you to choose from
  • Minimum income requirement: RM24,000 p.a.

CIMB PETRONAS Platinum Credit Card - Top Petrol Credit Card in Malaysia

CIMB PETRONAS Platinum Credit Card

 

  • Use a CIMB PETRONAS Platinum Credit Card and get 7% cash rebate on Petronas Spend with a monthly statement balance of RM3,000 and above, and 3% cash rebate when monthly statement balance is below RM3,000 (all cashback capped at RM50 in a month)
  • 0.2% cash rebate on all other retail spends
  • Annual fee waived for life
  • Minimum income requirement: RM24,000 p.a.

AmBank CARz Platinum MasterCard - Top Petrol Credit Cards in Malaysia

AmBank CARz Platinum MasterCard

 

  • Get 5% cash rebate (capped at RM80 per month) on petrol purchases at any fuel station when you make minimum or partial payment on your AmBank CARz Platinum MasterCard every month
  • Get 2% cash rebate (capped at RM20) on petrol purchases when you make full payment on your card every month
  • Minimum income requirement: RM48,000 p.a.

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