Carian mengenai topik managed-float

The current weekly petrol and diesel pricing according to a managed float system is the best method, despite the suggestion of a daily fuel pricing.

The weekly managed float system being implemented in the country to determine fuel prices is timely, said Second Finance Minister Datuk Johari Abdul Ghani.

For the month of July, RON95 petrol will be priced at RM1.75 per litre while RON97 will be priced at RM2.10 and diesel at RM1.60 per litre.

MoF said the savings can also be channeled to relevant ministries to come up with ways to assist the people such as allocations.

The RON95 fuel price for December will be at RM1.95 per litre, Petroleum Dealers Association of Malaysia (PDAM) said.

Hamzah said the notice would only be issued to the Petroleum Dealers Association of Malaysia at midnight on the last day of every month.

The managed floating system would give flexibility to the public to enjoy lower petrol price based on the current price fall.

The abolishment of subsidies for RON95 petrol effective Dec 1, should have been carried out in stages and not be implemented abruptly.

The drop in global oil prices has at present reached the subsidy level of below RM2.30 per litre for RON95.

Analysts believe there is a strong possibility for the price of RON95 to be lower than its current subsidised retail price.

Datuk Hasan Malek today announced that the government will remove all subsidies for RON95 petrol and diesel, beginning Dec 1.

How will the Managed Float system for RON95 petrol and diesel affect you?

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