RON97 price down 11 sen, RON95 and diesel unchanged

The retail price of RON97 petrol will drop by 11 sen to RM2.56 per litre for the week of July 27 to Aug 2.

In a statement today, the Finance Ministry said the retail price of RON95 and diesel will remain unchanged at RM2.08 per litre and RM2.18 per litre respectively.

Based on the calculations under the automatic pricing mechanism (APM), the retail prices of RON95 and diesel for the period should be RM2.26 per litre and RM2.31 per litre.

"However, the retail prices for both fuels are maintained at RM2.08 per litre and RM2.18 per litre in line with the government's decision to stabilise petrol prices for petroleum products and reduce the cost of living," the statement read.

According to the ministry, the government subsidies for RON95 and diesel for the period from July 27 to Aug 2 amount to RM90.48 million.