According to Malaysiakini, the price of RON97 fuel will be increased to RM2.90 per liter at midnight today, up 20 sen from the previous price of RM2.70 which was on the 1st of April 2011.
If this trend continues, the price of RON97 would probably hit over RM3.50 per liter by the end of the year.
This is the fifth monthly increase in a row since December last year. The margin of increase has also been going up, with the first three hikes being only 10 sen, with subsequent increases being 20 sen.
RON95 and diesel remains unchanged for now.
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