RON97 hiked by 10 sen

In case you hadn't noticed, Ron 97 petrol, or premium fuel have gone up by 10 sen.

This is part of the Malaysian Government's effort to reduce fuel subsidy and allow prices to float within a certain range of the free market price.

Ron 95 remains at RM1.85 per litre.

FUEL HIKE: Ron 95 Petrol is now RM1.90 per litre

Thats a five cent hike over the old price, while any price hike is not welcomed, at least it is not as big a leap as the one slaped on RON97 petrol which saw a 15 sen hike...

This table shows that oil is picking up pace and Brent has gone past USD90 per barrel while even the Opec basket of sweet and sour crude gained nearly half a dollar today

The North Korean tension is not helping

MARKET METRICS   Thu., Dec. 2, 2010
Crude Oil	Opec Basket	84.13	+0.48
($/bbl)	ICE Brent	90.69	+1.82
	Nymex Lt Swt	88.00	+1.25