Good news for owners of vehicles using petrol RON97.
The retail price of RON97 would cost 10 sen less at RM2.80 per litre from Thursday (tomorrow or rather after midnight tonight). The dip in price is in line with the dip in average global crude oil prices in May.
In Malaysia, the retail price of premium petrol RON97 is fixed based on a managed float whereby the monthly price is determined according to market forces. The last increase of 10 sen (to RM2.90) was on Apr 3, 2012.
RON95 is still at RM1.90 a litre while diesel is at RM1.80 a litre.
Source: The Star