RON97 up by 20 sen tomorrow to RM2.70 a litre

Well, according to a report, the pump price for RON97 petrol is to be hiked by 20 sen a litre effective midnight, bringing it back to the RM2.70 per litre mark.

This makes it the fourth increase in four months for RON97, which has its price determined by a market float, with the jump to RM2.30 on December 1 last year followed by a 10 sen increase to RM2.40 per litre on January 5 and another 10 sen to RM2.50 on February 1.

The report in The Malaysian Insider quotes that an industry source said that the confirmation notice was sent out this evening about the 20 sen rise. No surprise with the hike happening, given that the price of crude oil has rocketed of late.

Update: It’s confirmed that the pricing of RON95 will remain unchanged at RM1.90 per litre – RON95 and diesel were last hiked on December 4 last year.