RON97, diesel drop three sen in Peninsular Malaysia

KUALA LUMPUR: Fuel prices in Peninsular Malaysia are set to decrease, with RON97 petrol and diesel dropping by three sen per litre between 15 and 21 May, the Finance Ministry (MOF) announces today.
The MOF states that retail prices for RON95 petrol will remain unchanged at RM2.05 per litre, while diesel in Sabah, Sarawak, and Labuan holds steady at RM2.15 per litre during the same period.
It explains that prices are set based on the weekly retail pricing of petroleum products, following the Automatic Pricing Mechanism formula.
"The government monitors market trends and adjusts RON97 and diesel prices in response to global oil fluctuations, while ensuring price stability," it says.
The ministry adds that the government will implement necessary measures to protect public welfare and well-being.– BERNAMA

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