Petrol & Diesel Ceiling Price Removed On 3rd June
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The price control order that caps the ceiling price of RON95 petrol to RM2.08/L and diesel to RM2.14/L has been revoked.
The decision by the Domestic Trade and Consumer Affairs Ministry was announced in a federal gazette dated 3rd June that states the February 2020 Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 8) Order 2020 released under the Pakatan Harapan Government has been revoked.
The Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 8) Order 2020 [P.U. (A) 64/2020] is revoked.
Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No. 8) (Revocation) Order 2020.
The order was approved on 10th April by Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Tinggi.
This effectively means that the price of fuel in Malaysia is entirely reliant on global prices.
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