Good news for motorists who are using RON97 petrol as the pump price of RON97 has been reduced by 20 sen beginning today, July 5. The new price per litre is now RM2.60.
The reduction is due to a drop in the average global oil price. Unlike RON95, RON97 is not subsidised thus the price fluctuates according to the market.
The last adjustment was a month ago on June 6 in which the price dropped from RM2.90 to RM2.80.
The price of subsidised RON95 remains at RM1.90 a litre while diesel is at RM1.80 a litre. However, a few days ago, the Prime Minister said that the Country can't run on fuel subsidy forever.