Prices for RON95 and diesel to be determined by float system

Fuelling up: Under the managed float, retail prices would be based on the monthly average world price of crude oil.

PUTRAJAYA: The retail price for RON95 petrol and diesel will be fixed on a managed float system from Dec 1, effectively marking the removal of all fuel subsidies.

Under the managed float, similar to that now used for RON97, retail prices would be based on the monthly average world price of crude oil.