KUALA LUMPUR, Aug 20 — The retail price of diesel in Peninsular Malaysia will be reduced by five sen to RM2.85 per litre from August 21 to 27.
In a statement today, the Finance Ministry (MOF) said the reduction is in line with changes in global oil market prices.
It said RON97 and RON95 will remain at RM3.13 per litre and RM2.05 per litre, respectively, while diesel stays at RM2.15 per litre in Sabah, Sarawak and Labuan.
The MOF said the weekly retail price setting of petroleum products is based on the Automatic Pricing Mechanism formula.
“The government will continue to monitor the impact of changes in world crude oil prices and take appropriate measures to ensure the people’s welfare and well-being,” the MOF statement said.
