THE sale of RON95 petrol at RM1.75 per litre will be implemented from September 1 as an alternative to RON97 whose price will be increased to RM2.00 per litre.
At the same time, RON97 would be made a premium product while RON92 would be removed from the market, said Domestic Trade and Consumer Affairs Minister Datuk Seri Ismail Sabri Yaakob.
He also said that in view of its status as a premium product, the price of RON97 would not be controlled by the government unlike RON95 that would become a fixed-price product.
"Although the price of RON95 is quite high compared to RON92 which is being sold at RM1.70 per litre, it is of higher quality and in terms of performance, it is far better than RON92," he told reporters after launching RON97 in Putrajaya today.
He said RON95 could be used for all vehicles including imported luxury cars.
"All cars can use RON95 including the high-powered, branded and so on. If before this, cars of these types used RON97, now they can switch to cheaper RON95," he said.
He said the higher RON97 price in the market should not make the people panic because RON95 offers about the same quality and performance.
"The relevant government agencies support the sale of RON95," he said and added that the government would continue providing subsidy on the sale of petrol at three sen per litre. -- Bernama
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