KUALA LUMPUR: The retail price of RON97 will drop by 50 sen per litre, while unsubsidised RON95 will fall by 40 sen and unsubsidised diesel by 25 sen, effective tomorrow until Nov 18.
The new prices are RM4.20 per litre for RON97, RM3.87 for RON95 and RM4.87 for diesel.
The Finance Ministry said in a statement today that prices of refined petroleum products in regional markets had declined during the Automatic Pricing Mechanism (APM) calculation period, in line with lower global crude oil prices and increased supplies of refined fuel in regional markets.
However, it said global petroleum prices remained vulnerable to significant fluctuations as long as the conflict in Iran remained unresolved, while recent attacks on tankers in the Strait of Hormuz showed that the risk of supply disruptions persisted.
