June 6, 2012 Update - Petrol Price revision for RON97 - effective June 7
The price of the premium RON97 petrol went up 10sen to RM2.90 at midnight last night, Monday, according to the Petrol Dealers Association of Malaysia (PDAM).
There is no change for RON95 petrol, still at RM1.90 a litre. The price for diesel also remains unchanged at RM1.80 a litre.
The price increase is due to the soaring global fuel price that has hit USD120 per barrel. The price of RON97 fluctuates in accordance with the global fuel price as the Government has lifted subsidy for this petrol.
There have been four increases in RON97 petrol price since the beginning of 2011. The last increase on May 5 (2011) saw a hike of 20 sen to RM2.90 per litre. On June 15 midnight, the price was reduced by 10 sen to RM2.80 per litre. That was the first reduction since the price was floated at market rates.
Source: The Star..Price of RON97 to go up 10sen to RM2.90 at midnight