Thursday 25 Apr 2024
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KUALA LUMPUR (March 13): Petrol prices at the pump continue to drop from midnight until March 20, in line with cheaper crude prices.

The retail price of RON95 will drop by 7 sen to RM1.82 per litre from RM1.89 per litre currently, while that of RON97 will be lowered by 9 sen to RM2.10 per litre from RM2.19 per litre.

In a statement today, the Ministry of Finance (MoF) said the retail price of diesel will also come down by 9 sen to RM1.87 per litre from RM1.96 per litre.

"The current volatility in global crude oil prices is due to a misunderstanding among the world's leading crude oil producers, as well as the Covid-19 outbreak which is impacting global economy. As a step towards stabilising petrol price fluctuations to consumers and at the same time offsetting the volatility of oil revenues to the government, the retail prices for both RON95 and diesel petrol products have been lowered to RM1.82 per litre and RM1.87 per litre respectively," it added.

MoF said it will continue to monitor the impact of price changes crude oil and take the appropriate steps to ensure the well-being of the people, especially in dealing with rising costs of living due to rising prices.

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