New Fuel Price is Determined by who?
As you all know, Fuel price increased RM0.10 to RM2.15 for RON95 and RM0.20 to RM2.35 for RON97 from 1 July onwards. This is despite Global Crude oil price dropping. Where is the Logic?
Please refer to the Crude oil price below.
I think the price increase this month was to offset the postponement of increase during May as there were 2 by-elections taking place. Tat explains why 1.95 was maintained although graph was at its peak.
