{"id":12744,"date":"2017-01-09T13:02:29","date_gmt":"2017-01-09T05:02:29","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=12744"},"modified":"2018-09-21T15:05:25","modified_gmt":"2018-09-21T07:05:25","slug":"is-ron97-really-better-than-ron95","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/is-ron97-really-better-than-ron95","title":{"rendered":"Is RON97 Really Better Than RON95?"},"content":{"rendered":"
<\/b>For the first time in history, petrol kiosks in Malaysia are experiencing a shortage of RON97 petrol, after demand for the fuel surged following a reduction in its price on December 1. <\/b><\/p>\n
The high demand came after the Government scrapped subsidies for RON95 and diesel and implemented a managed float system, which resulted in a very low difference between the price of RON95 (RM2.3o per litre) and RON97 (RM2.60 per litre).<\/p>\n
The price of RON97, which incidentally fell nine sen from RM2.55 to RM2.46 per litre in December 2014, saw some petrol kiosks double their sales of the fuel from an average of 500 litres to 1,000 litres in a day.<\/p>\n
In February 2015,\u00a0retail prices of RON95 and RON97 fell further to RM1.70 per litre and RM2.00 per litre, respectively.<\/p>\n
However, prices of RON95 and RON97 went up by 20.5% and 22.5% in August to RM2.05 per litre and RM2.45 a litre respectively.<\/p>\n
Here is a comparison of RON95 and RON97 prices from December 2014 to February 2017.<\/p>\n\n