KUALA LUMPUR: The retail prices of RON97 petrol and diesel in Peninsular Malaysia will be reduced by 3sen per litre from May 22 to 28.
The Finance Ministry, in a statement Wednesday (April 16) said the retail price of RON97 would decrease to RM3.07 per litre nationwide while the retail price of diesel would go down to RM2.74 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.
