Crude oil prices have slipped in the past 2 weeks, down to US$33.02 a barrel due to an ongoing oil price war.
On the consumer end, we get to enjoy lower retail prices at the pumps but our country’s economy, which policies heavily depends on oil prices will suffer in the coming months.
RON 95, RON 97 & Diesel Euro 2M will be priced as follow for the coming week 14 – 20 March 2020:
RON 95 – RM 1.82 per litre (down 7 sen)
RON 97 – RM 2.10 per litre (down 9 sen)
Diesel Euro 2M – RM 1.87 per litre (down 9 sen)
Diesel Euro 5M – RM 1.97 per litre (down 9 sen)
This is the lowest RON 95 have been since 1 September 2009 where it retailed for RM 1.80 sen per litre. It’s the first time Diesel has dipped under the RM 1.90 mark since 29 July 2017.
RON 95 petrol and Diesel prices have dropped for the second consecutive week since 6 March 2020, retailing below their capped price of RM 2.08 and RM 2.18 per, respectively.