RON97 to cost 5 sen less
THE retail price of RON97 petrol will decrease by 5 sen from RM4.40 to RM4.35 per litre while the prices of RON95 and diesel will remain unchanged for the week from August 18-24.
The Finance Ministry, in a statement today, said to protect consumers from global oil price hikes, RON95 and diesel would remain at RM2.05 and RM2.15 per litre respectively although the real market prices of the two products have increased beyond the current ceiling prices. It said the prices were set based on the weekly retail prices of petroleum products in accordance with 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 continued welfare and well-being of the people,” it said. – Bernama, August 17, 2022.
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