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<blockquote data-quote="ALBundy" data-source="post: 397159" data-attributes="member: 15"><p><em>PETALING JAYA: The newly introduced <strong><a href="http://rmreview.com.my/tag/ron95/" target="_blank">RON95</a> fuel</strong> is now <strong>selling at RM1.80</strong> – <strong>five sen higher</strong> than its <strong>previous price</strong>.</em></p><p> </p><p><em><strong>RON97</strong> has been upgraded as a <strong><a href="http://rmreview.com.my/tag/premium-product/" target="_blank">premium product</a></strong> and its price has increased from RM1.80 to RM2.05.</em></p><p> </p><p><em>Domestic Trade, Co-operative and Consu-merism Minister Datuk Seri Ismail Sabri Yaakob said the<strong> RON new prices</strong> were decided based on the <strong><a href="http://rmreview.com.my/tag/current-automatic-pricing-mechanism/" target="_blank">current automatic pricing mechanism</a></strong>.</em></p><p> </p><p><em>“Although the price is now 5 sen higher, the <strong><a href="http://rmreview.com.my/tag/government-subsidising/" target="_blank">Government subsidising</a></strong> 33.81 sen per litre (of </em><a href="http://rmreview.com.my/tag/ron95/" target="_blank"><em>RON95</em></a><em>) which is equivalent to RM304mil monthly,” he told reporters after the launch of<strong> Primax 95</strong> by <strong>Petronas</strong> here yesterday.</em></p><p> </p><p><em>Currently, the Government is <strong>subsidising RON97</strong> for 42.72 sen per litre.</em></p><p> </p><p><em>The cost for </em><a href="http://rmreview.com.my/tag/ron95/" target="_blank"><em>RON95</em></a><em> went up 102% from US$40.75 (RM143.79) per barrel to US$82.30 (RM290.40) in December last year and in August respectively.</em></p><p> </p><p><em>“If there are any changes in <strong>global prices</strong>, we will revise our prices accordingly. It is up to the Economic Council to decide.</em></p><p> </p><p><em>“</em><a href="http://rmreview.com.my/tag/ron95/" target="_blank"><em>RON95</em></a><em> also adheres to the <strong><a href="http://rmreview.com.my/tag/euro2m-specification/" target="_blank">EURO2M specification</a></strong>, which is less polluting,” said Ismail Sabri, adding that consumers would get <strong><a href="http://rmreview.com.my/tag/quality-petroleum-products/" target="_blank">quality petroleum products</a></strong> at subsidised prices.</em></p><p> </p><p>Schwepps, </p><p> </p><p>Without subsidy and with Crude Oil Prices hovering around USD80/barrel (it is USD 75.6 as of today), it should be around RM2.13/liter based on the news report. No?</p><p> </p><p>Cheers</p></blockquote><p></p>
[QUOTE="ALBundy, post: 397159, member: 15"] [I]PETALING JAYA: The newly introduced [B][URL="http://rmreview.com.my/tag/ron95/"]RON95[/URL] fuel[/B] is now [B]selling at RM1.80[/B] – [B]five sen higher[/B] than its [B]previous price[/B].[/I] [I][B]RON97[/B] has been upgraded as a [B][URL="http://rmreview.com.my/tag/premium-product/"]premium product[/URL][/B] and its price has increased from RM1.80 to RM2.05.[/I] [I]Domestic Trade, Co-operative and Consu-merism Minister Datuk Seri Ismail Sabri Yaakob said the[B] RON new prices[/B] were decided based on the [B][URL="http://rmreview.com.my/tag/current-automatic-pricing-mechanism/"]current automatic pricing mechanism[/URL][/B].[/I] [I]“Although the price is now 5 sen higher, the [B][URL="http://rmreview.com.my/tag/government-subsidising/"]Government subsidising[/URL][/B] 33.81 sen per litre (of [/I][URL="http://rmreview.com.my/tag/ron95/"][I]RON95[/I][/URL][I]) which is equivalent to RM304mil monthly,” he told reporters after the launch of[B] Primax 95[/B] by [B]Petronas[/B] here yesterday.[/I] [I]Currently, the Government is [B]subsidising RON97[/B] for 42.72 sen per litre.[/I] [I]The cost for [/I][URL="http://rmreview.com.my/tag/ron95/"][I]RON95[/I][/URL][I] went up 102% from US$40.75 (RM143.79) per barrel to US$82.30 (RM290.40) in December last year and in August respectively.[/I] [I]“If there are any changes in [B]global prices[/B], we will revise our prices accordingly. It is up to the Economic Council to decide.[/I] [I]“[/I][URL="http://rmreview.com.my/tag/ron95/"][I]RON95[/I][/URL][I] also adheres to the [B][URL="http://rmreview.com.my/tag/euro2m-specification/"]EURO2M specification[/URL][/B], which is less polluting,” said Ismail Sabri, adding that consumers would get [B][URL="http://rmreview.com.my/tag/quality-petroleum-products/"]quality petroleum products[/URL][/B] at subsidised prices.[/I] Schwepps, Without subsidy and with Crude Oil Prices hovering around USD80/barrel (it is USD 75.6 as of today), it should be around RM2.13/liter based on the news report. No? Cheers [/QUOTE]
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