KUALA LUMPUR – The retail price of RON97 petrol dropped 20 sen from RM3.75 to RM3.55 per litre, while those of RON95 and diesel will remain unchanged for the week beginning tomorrow until December 21.
The Finance Ministry in a statement today said the ceiling price of RON95 and diesel would remain at RM2.05 and RM2.15 per litre, respectively, although both products’ market prices have increased beyond the current ceiling prices.
It added that the retail price of RON97 has been reduced in line with the current market price movement.
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 global crude oil price trends and take appropriate measures to ensure the people’s welfare and well-being continue to be protected,” the statement said. – Bernama, December 14, 2022
