RON97 drops 10 sen, RON95 and diesel unchanged

RON97 drops 10 sen, RON95 and diesel unchanged
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KUALA LUMPUR (Nov 30): The retail price of RON97 petrol will drop by 10 sen from RM3.95 to RM3.85 per litre, while those of RON95 and diesel will remain unchanged for the week from Dec 1 to 7.

The Ministry of Finance, in a statement on Wednesday (Nov 30), said the ceiling price of RON95 would remain at RM2.05 per litre and diesel at RM2.15 per litre even though the market price of the two products has increased beyond the current ceiling price.

However, according to the ministry, the retail price of RON97 has been reduced in line with the movement in the market price.

It said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM) formula.

“The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people,” it said.