31 Mar '15, 2pm

Fuel prices unchanged for April, RON 97 subject to GST

Fuel prices unchanged for April, RON 97 subject to GST

UPDATE: This story has been revised as of 1.30 am, April 1. The Domestic Trade, Cooperatives and Consumerism ministry (KPDNKK) has announced that fuel prices will remain the same for April 2015 – RON 95 petrol will continue to be priced at RM1.95 a litre, RON 97 petrol at RM2.25 a litre and diesel at RM1.95 a litre. However, a KPDNKK spokesperson told Bernama that RON 97 petrol will be subject to the 6% Goods and Services Tax (GST) from April 1. We decided to check on just how GST would be incorporated into the selling price of RON 97, heading out to fill up so we could get our hands on a receipt, which would show the mechanism of the tax within the RON 97 pricing structure. We had initially reported that the inclusion of GST would effectively raise the price of RON 97 to RM2.385 a litre. It turns out that this isn’t the case – RON 97 essentially remains unchanged in price...

Full article: http://paultan.org/2015/03/31/ron-95-ron-97-petrol-diesel...

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