Wednesday, November 19, 2014
Petrol RON97 now down by 20 sen - 19 November 2014
The last price change of the premium petrol was in September, where it had increased by 15 sen.
The retail price of RON97 petrol is determined by a 'managed float' in which the price changes according to the market. And this price decrease of 20 sen is in line with the current crude oil price in the market which is at around USD80 a barrel, I believe.
RON95 petrol is currently at RM2.30 per litre while diesel costs RM2.20 per litre. These prices came into effect on 2 October, last month.
Image source: The Star