No Change In Fuel Prices Until Further Notice, Says Dr M

It was the first Wednesday since Pakatan Harapan took over the government and if you've been living in Malaysia long enough, you'll know that Wednesday is when we wait with bated breath to see if - gasp! - the fuel prices would shoot up.

Ladies and gents, you can heave a sigh of relief for this week - and probably a couple of weeks to follow!

That's because Prime Minister Tun Dr Mahathir Mohamad has revealed that fuel prices will remain unchanged.

According to The New Straits Times, Dr M said during a press conference held at the Perdana Leadership Foundation that fuel prices will stay the same for the seventh consecutive week.

Also, he hinted that fuel prices will likely remain the same until further notice as "the government will subsidise" if the global prices go up.

He, however, did not reveal how long the fuel prices will remain the same or if the weekly price mechanism, which was introduced in March 2017, will be scrapped.

To refresh your memory, the price of RON95 is RM2.20 per litre while RON97 is RM2.47 per litre.

Meanwhile, Diesel is priced at RM2.18 per litre and Euro 5 diesel goes for RM2.28 per litre.