Now that there is a new grade of petrol in the market called RON 95 which was supposed to be a cheaper fuel for Malaysian consumer, the public is getting excited about it. I was in Kuching early August and taxi drivers are already asking for the new petrol when they wanted to fill up. The introduction of RON 95 will phase out the lower grade RON 92 which seems not getting good response from vehicle owners. In fact most people are not aware of the presence of RON 92 because everyone is going for the RON 97.
Before the intrduction of RON 92 the price of RON 97 was 1.80 and RON 95 cheaper by 5 cents. The saving can be seen if drivers filled full tank. However just when consumers are rushing for cheaper fuel in the market, all of a sudden the price increased. Now the price of RON 95 is the same as RON97. How nice and easy consumers fall into the government's trap and now whats the difference between RON 97 and RON 95. We consumers are going to pay a higher price for a lower grade petrol because RON 97 will be a premium grade fuel.
So, what actually happens, there's price increase for fuel but hidden behind the petrol grading. When RON 97 increase to RM 2.05, we can expect next is the increase in the price of cooking gas because they originate from the same source. Consumers are being hoodwink again.
Just a few day of introduction of the new grade, petrol pump owners is already making a good profit by selling old stock at new price. Then we will hear that they will cry foul if the price of petrol decrease by telling us that they bought the consignment at old price. Read what The Star report.