Malaysian fuel prices August 2024 week three: Diesel drops another 5 sen to RM3.25/litre; petrol unchanged

In the third week of August 2024, Malaysian drivers are seeing a slight reprieve in diesel prices, with a drop of 5 sen bringing the price to RM3.25 per litre. This reduction marks a continued downward trend in diesel prices, providing some relief for businesses and individuals who rely heavily on diesel-powered vehicles. However, the prices for RON95 and RON97 petrol remain unchanged from the previous week.

The 5 sen reduction in diesel prices comes as part of the government's effort to stabilize fuel costs in light of fluctuating global oil prices. Diesel, which is a crucial fuel for the transportation and logistics sectors, has seen a series of price adjustments over the past months. The current price of RM3.25 per litre is reflective of the government's ongoing strategy to make diesel more affordable, especially for commercial vehicles that play a vital role in the economy.

While diesel prices have seen some movement, petrol prices remain unchanged for the third consecutive week. RON95, the most commonly used fuel by Malaysian motorists, continues to be priced at RM2.05 per litre, while the premium RON97 stands at RM3.35 per litre. The stability in petrol prices can be attributed to a relatively balanced supply and demand situation in the global oil market, coupled with the government's efforts to keep fuel costs predictable for consumers.

For the average Malaysian driver, the unchanged petrol prices mean that there won't be any immediate impact on daily commuting costs. However, for those driving diesel-powered vehicles, the 5 sen reduction might translate to minor savings over time, especially for heavy-duty users.

As always, the Motorist app is here to help you make the most of your fuel efficiency. You can use the app to track your fuel expenses and find the best deals on fuel near you. Plus, if you’re considering switching to a more fuel-efficient vehicle, the Motorist app offers a free car valuation service, making it easier for you to sell your current vehicle and upgrade to something more economical.

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