Fuel prices down for third week in a row

PETALING JAYA: Fuel prices are down for the third week of June.

The prices of both RON95 and RON97 petrol will drop by seven sen, while diesel will drop by six sen.

RON95 is down from RM2.05 per litre to RM1.98 per litre while the price of RON97 will go down from RM2.31 per litre to RM 2.24 per litre.

Additionally, the price of diesel is down by from RM1.94 per litre previously to RM1.88 per litre.

The new prices will be in effect starting midnight June 15 until June 21.

The prices were announced on RTM1 and posted on the Domestic Trade, Cooperatives and Consumerism Ministry's Twitter account on Wednesday evening.

The weekly fuel pricing mechanism came into effect in April this year.

Prices of petrol and diesel had been placed on a managed monthly float system since Dec 1 2014 following the removal of fuel subsidies.