The Ministry of Finance has announced that retail prices for RON97 will drop by 20 sen, while unsubsidised RON95 and diesel will decrease by 15 sen for the Nov 5 to 11 weekly period.
KUALA LUMPUR: The retail price of RON97 has dropped by 20 sen to RM4.70 per liter, while unsubsidised RON95 and diesel have both dropped 15 sen to RM4.27 and RM5.12 per liter respectively for the period of Nov 5 to 11.
The Ministry of Finance (MOF), in a statement today, announced that this pricing is determined based on the Automatic Pricing Mechanism (APM) formula, compared to the current prices of RM4.90 for RON97, RM4.42 for unsubsidised RON95, and RM5.27 for unsubsidised diesel.
“The regional petroleum market shows signs of moderation following an increase in the supply of refined fuels, including petrol and diesel stocks in Singapore, which serves as one of the market references for petroleum pricing in Malaysia.
