The inevitable has happened, the government has officially increased prices of both fuel and diesel around the country by 5 cents.
The prices of RON 95 now stand at RM1.85, meanwhile RON 97 now retails for RM2.10 and diesel is now RM1.75. Shell's much loved V-Power Racing has also been affected by the increase and now retails for RM2.48 where previously it was RM2.43.
The government has always been mulling over cutting subsidies in stages and this seems to be the first stage, though 5 cents is not a large sum, it marks the beginning of a eventual total removal of subsidies.
Other products affected by a price increase includes liquified petroluem gas which now goes for RM1.85 per kg as well as white refined coarse granulated sugar that now sells for RM1.70 per kg.
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