KUALA LUMPUR: The retail prices of RON97 petrol will drop five sen per litre while diesel and RON95 remain unchanged from Oct 6 to 12.
The Finance Ministry, in a statement Wednesday (Sept 28), said the price of RON97 will drop from RM4.00 to RM3.95 per litre.
To protect consumers from the effects of global oil price hikes, the government has maintained RON95 at the ceiling price of RM2.05 per litre and diesel at RM2.15 per litre although the actual market prices of the two products have exceeded the set ceiling prices, it said.
The prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.
“The government will continue to monitor the effects of changes in global crude oil prices and take suitable steps to ensure the continued welfare and well-being of the people,” read the statement. – Bernama
Source:The Star