This comes after Putrajaya's lengthy explanation yesterday justifying an increase in fuel prices for the coming year.
KUALA LUMPUR: Fuel prices will increase between 15 to 20 sen just as Malaysians usher in the New Year at midnight tonight, according to the Petrol Dealers Association of Malaysia (PDAM).
The widely used RON95 petrol will cost RM2.10 per litre from tomorrow, and diesel RM2.05 per litre, an increase of 20 sen.
The RON97 petrol will see an increase of 15 sen, to RM2.40 per litre.
This comes after the Finance Ministry’s lengthy explanation yesterday justifying an increase in fuel prices in 2017 as inevitable.
PKRs Rafizi Ramli had predicted a 30 sen increase in fuel prices following an 18% hike in world crude oil prices.
“With the current strengthening of the US dollar against the ringgit, the cost of purchasing crude oil will also increase.
“Hence, the surge of the retail fuel price in Malaysia,” said Finance Ministry strategic communications director, Lokman Noor Adam.
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