KUALA LUMPUR – The retail price of RON97 petrol will drop by 10 sen from RM4.30 to RM4.20 per litre while those of RON95 and diesel will remain unchanged for the week from September 8 to 14.
The Finance Ministry, in a statement today, said RON95 and diesel would remain at RM2.05 and RM2.15 per litre respectively to protect consumers from global oil inflation, although both products’ real market prices have increased beyond the current ceiling prices.
It explained the rates were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.
“The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the people’s welfare and well-being continue to be protected,” it said. – Bernama, September 7, 2022
