<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 31): The Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) has announced that retail petrol prices will be reduced by 35 sen each for RON95 and RON97, while retail price for diesel will be reduced by 30 sen per litre, effective from 12:01am tomorrow (Jan 1, 2015).</p></div>

<div class=newsTextDataWrapInner><p>The retail price reduction will see RON95 drop to RM1.91 per litre, from RM2.11 per litre currently; while RON97 will drop to RM2.11 per litre, from RM2.46 per litre; and diesel will be reduced to RM1.93 per litre, from RM2.23 per litre currently.</p></div>

<div class=newsTextDataWrapInner><p>“The government will continue to follow market development in product cost and foreign currency exchange, to determine the retail price for petrol and diesel for the coming months,” KPDNKK Minister Datuk Seri Hasan Malek, 68, said in a media statement this evening.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>To recap, the government had on Nov 21 announced to rationalise the fuel subsidy by implementing the managed float system, whereby the monthly average of the world crude oil price would determine the retail fuel prices of the following month.</p></div>

<div class=newsTextDataWrapInner><p>Earlier this month (December), the price of RON95 was reduced by 4 sen to RM2.26 per litre, while the price for RON97 was slashed by 9 sen to RM2.46 per litre.</p></div>

<div class=newsTextDataWrapInner><p>However, the price of diesel was increased by 3 sen, from RM2.20 per litre.</p></div>


KUALA LUMPUR (Dec 31): The Domestic Trade, Co-operatives and Consumerism Ministry (KPDNKK) has announced that retail petrol prices will be reduced by 35 sen each for RON95 and RON97, while retail price for diesel will be reduced by 30 sen per litre, effective from 12:01am tomorrow (Jan 1, 2015).<...

KPDNKK cuts RON95 and RON97 by 35 sen, and diesel price by 30 sen beginning tomorrow

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