KUALA LUMPUR: The retail price of diesel in Peninsular Malaysia will be reduced by five sen to RM2.85 per litre from Aug 21 to 27.
In a statement on Wednesday (Aug 19), the Finance Ministry said the reduction is in line with changes in global oil market prices.
It said the retail prices of RON97 and RON95 petrol will remain unchanged at RM3.13 per litre and RM2.05 per litre respectively, while the retail price of diesel in Sabah, Sarawak and Labuan stays at RM2.15 per litre.
The ministry said the weekly retail price setting of petroleum products is based on the Automatic Pricing Mechanism formula.
"The government will continue to monitor the impact of changes in world crude oil prices and take appropriate measures to ensure the welfare and well-being of the people are protected," the statement said. – Bernama
