KUALA LUMPUR: The retail prices of RON97 petrol and diesel in Peninsular Malaysia will drop by 5 sen from March 6 to March 12.
The Finance Ministry, in a statement on Wednesday (March 5) said the retail price of RON97 would go down to RM3.38 per litre while diesel would drop to RM3.13 per litre in the peninsula.
The price of diesel would, however remain at RM2.15 per litre in Sabah, Sarawak, and Labuan over the same period. RON95 petrol would also remain at RM2.05 per litre nationwide.
It said the prices were set based on the weekly retail pricing 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 continued welfare and well-being of the people," it added.
