[UPDATED] Malaysia’s Petrol Prices: The Ultimate Guide To Beat It
There’s one thing that is on all drivers’ minds in Malaysia, and that is how we can save more money when we are on the road. Petrol prices in Malaysia aren’t fixed — they change weekly, so what else is there to do for us drivers than to keep a tab on the fuel economy each Wednesday? Do keep tabs on this post as well as we will update the prices every week.
Petrol Price Malaysia August 2018 (05 August – 15 August)
These changes for petrol price Malaysia will take effect from 09 Aug 2018 and last until 15 Aug 2018.
- RON95 costs RM2.20 per litre.
- For RON97, the price is now RM2.61 per liter.
- Diesel prices in Malaysia are the same RM2.18 per liter.
Fuel / Petrol Prices in Malaysia From 09 Aug 2018 to 15 Aug 2018
|RON95 Price Malaysia||RM 2.20|
|RON97 Price Malaysia||RM 2.61|
|Diesel Price Malaysia||RM 2.18|
Clearly, there is no telling for certain how the prices will continue to fluctuate in the future. In the past, the petrol price in Malaysia was artificially suppressed with subsidies. The average Malaysian was protected from external forces that determined the fuel price in Malaysia and around the world.
The main factor in this was Oil Producing and Exporting Countries (OPEC) a conglomerate of the world’s crude oil suppliers. Without these subsidies, the price would have been tagged to the price of crude oil. Although this policy was popular, it came at a huge financial cost, to the tune of RM24.5 billion a year in 2009.
Petrol Price Malaysia Fluctuations.
In 2010, the government decided to adopt a managed float system. The fuel price in Malaysia was set to be announced monthly, with reduced government intervention. This was based on the average price of a liter of refined crude oil.
However, in March 2017, the government changed the policy to a weekly ceiling price. This gave the petrol stations in Malaysia more leeway to adjust the prices after getting governmental approval. Clearly, the average Malaysian has little or no control over oil prices and the latest petrol price in Malaysia.
Despite this, It’s not all doom and gloom, read on for a comprehensive guide to beat the fuel price in Malaysia. We will be covering petrol consumption tips, best credit cards to use for petrol, and alternatives to driving.
Petrol Consumption Tips
Bigger is Not Better
When buying a vehicle, it may be tempting to choose a bigger, flashier option. Thus when you are making the decision, do give some thought about what you are using the vehicle for. If your use of the vehicle only revolves around getting to work or going to buy groceries, there is no real need to get that fuel-guzzling 7-seater.
Thin is in
Thinner is better, but only when it comes to tires. Although wider tires improve the vehicle’s handling, they tend to increase fuel consumption. As wider tires create more rolling resistance, more energy is needed to get the vehicle moving. As a result, your vehicle will consume petrol at a faster rate. However, before you make the change, do consult with your mechanic beforehand.
In addition, do regularly check your vehicle’s tire pressure. Ensure that they are at the right levels and over inflate them slightly. This is important as under-inflated tires affect fuel consumption negatively and cause your tires to wear out faster.
You (ain’t) Got to Carry That Weight
Although it may be tempting to make full use of your vehicle boot, this actually increases your vehicle’s petrol consumption. In general, the heavier the vehicle, the more energy it needs to get going. More weight in the vehicle requires more power to accelerate, this, in turn, means more fuel is used. So do take some time out to clear the unnecessary stuff you left in your vehicle.
Don’t Just Drive For Petrol
When driving to top up your fuel tank, your vehicle is still consuming fuel. Instead, integrate your refueling trips with other activities, such as going grocery shopping or refueling before you go to meet someone. Doing this has the added benefit of saving time as you don’t have to make separate trips to run errands.
Additionally, when you need to go to a few different locations, go to the furthest location first, and then make your way back to the other stops. This guarantees that your engine will be at operating temperature, and you start and stop on a warm engine, rather than a cold one.
Turn it Down
Although it may seem to make more sense to point your aircon vents towards yourself, pointing it downwards actually decreases the load on your air-conditioning and saves fuel. When you first enter your vehicle, point the aircon vents down and roll up the windows slightly. Doing this displaces the warm dense air below and pushes the warm air out through the windows.
(Slowly) Pedal to The Metal
Although it may feel more ‘shiok’ to floor the accelerator, this actually causes your vehicle to consume fuel at a faster rate. To avoid this, accelerate your vehicle at a smooth and gradual rate. In addition, make use of your vehicle’s cruise control when you’re traveling on the highways to sustain a constant speed and lower fuel consumption.
Don’t Stop For Nothing
As far as possible, do minimize unnecessary breaking. The act of breaking actually converts your vehicle’s kinetic energy into wasted heat energy and raises your vehicle’s fuel consumption. Going easy on the brakes has the added benefit of reducing wear and tear. This will then extend the longevity of your vehicle’s braking system.
RON95 Price Malaysia vs RON97 Price Malaysia
The results are in, according to reports, there is no real reason to get RON97 over RON95. When comparing RON95 price to RON97 price, RON97 is 12% more expensive. Although RON95 is sold at a cheaper rate, it is not necessarily inferior. Using RON97 does not really boost engine performance or give your car more mileage. This down to what your car is suited for. If your car is rated for RON95 petrol, using RON97 petrol will not bring many improvements.
On their own, these tips may seem insignificant. However, if you implement all of these tips, there is bound to be a noticeable decrease in your fuel consumption. In addition, if you are looking for more ways to save money, head on over to Shopback for discounts, deals, and cashback from many of your favorite merchants. As for cashback, you can never get enough of it. Thus, we will be covering the best credit cards to use for petrol in the next section.
Best Credit Cards to Use for Petrol
On top of following these fuel consumption tips, getting a good credit card can help you save money on petrol prices in Malaysia as well. As most credit cards reward you for spending, it makes sense to get a credit card for a regular expense like petrol. As such here is a list of five of the best credit cards you can get to save money and beat petrol prices in Malaysia.
HSBC Amanah MPower Platinum Credit Card-i
The first card on this list is the HSBC Amanah MPower Platinum Credit Card-i an Islamic credit card. Although the credit card’s name is quite the mouthful, the cashback it offers is nothing to sniff at. With up to 8% cashback every day at Shell, Caltex, Petronas, and BHP, you will be saving quite a bit on petrol if you use this card as long as you spend more than RM2001 in a month. Annual fees for this credit card are at RM240, but this can be waived by simply making 12 transactions a year.
Citi Cash Back Platinum Credit Card
Similarly, with the Citi Cash Back Platinum, you can get up to 10% cashback when you spend on petrol. Simply spend Rm1500 above to enjoy these benefits. On top of petrol, cashback is available for groceries, dining, grab rides and more. This is more than enough categories to ensure you will be able to get the cashback. Annual fees for this card are at RM206.7. However, the first year’s fees are waived if you use the credit card more than 3 times in the first 60 days. With no minimum spending requirement, this is one card you can keep in your wallet without worry.
Citi Shell-Citi Credit Card
Another Citibank card on this list is the Citi Shell-Citi Credit Card. With over 900 Shell petrol stations nationwide, there is sure to be a Shell petrol station near your house. As with the other cards, there is up to 8% cashback on Shell fuel when your total spending on dining, travel, bills, groceries, and petrol exceeds RM2500 a month. As for the annual fees, it costs RM195.00 for this card. However, fees for the first year is free if you use the card 3 times in 60 days.
Hong Leong Wise Gold Credit Card
Alternatively, another card you can consider is the Hong Leong Wise Gold credit card. Getting this card will give you up to 10% cashback available every day of the week and even when you travel. Simply spend a minimum of RM2000 a month to qualify. In addition, you will have to choose petrol as one of the bonus categories for this 10% cashback. As for the annual fee, Hong Leong charges RM265 a year.
Standard Chartered JustOne Platinum MasterCard
The last credit card on this list is the Standard Chartered JustOne Platinum MasterCard. With this card, you can get up to 15% cashback when you purchase petrol. This occurs when you spend upwards of RM2500 with the card. Although this may seem like a large amount, this card can be used on petrol transactions, online shopping and utility payments via auto-billing. Annual fees for this card are at RM265.
Read More About Petrol Credit Cards in Malaysia: 6 Ways to Choose a Credit Card to Maximise Your Petrol Savings
Alternatives to Driving
Instead of driving alone to your workplace, consider carpooling. In addition to being great for the environment, carpooling will help you beat petrol prices in Malaysia as well. For a start, you can create a carpooling community at work. Talk to your colleagues who live near you and come up with a mutually beneficial arrangement. This will include taking turns to be the designated driver, sharing petrol, insurance, road tax and other driving costs.
Alternatively, Grab offers its own carpooling solutions. Grab has the GrabHitch service, an economical option that brings together drivers and passengers who have similar commutes. In addition, you would be glad to know that ShopBack offers cashback and Grab promo codes.
If you drive on Grab check out how you can
Although it may seem much more inconvenient, taking public transport is actually not much worse than driving. When choosing to drive, drivers have to spend time searching for parking and spend more on fuel, taxes and other miscellaneous costs. On top helping you to beat petrol prices in Malaysia, public transport has other benefits as well.
Currently, Malaysia has the highest private car ownership rates in Southeast Asia. This has been identified as one of the major causes of congestion in Malaysia. Taking public transport such as the expanding Kuala Lumpur rail network will help you beat congestion and relieve it as well. In addition, studies have shown that taking public transport would lead to better health outcomes.
In comparison to those who drove to work, people who took the train or bus were less likely to be overweight and suffering from high blood pressure and diabetes.
For the near future, it is clear that the petrol prices will continue to fluctuate. This is something that cannot be controlled by the average Malaysian. We hope this guide has given you good ideas on how to beat the petrol prices in Malaysia. In addition, if you would like to learn of more ways to save money, signup at ShopBack for deals, coupons and cashback when you shop.
Read More About Petrol Prices in Malaysia:
- Petrol Prices in Malaysia: Best Petrol Loyalty Programmes?
- 6 Ways To Save Money On Petrol You Forgot To Think About
*Featured Image Credit: Samuele Errico Piccarini | Unsplash
*First Published: 14 Jun 2018, Last Updated: 26 Oct 2018