THE retail price of RON97 will drop five sen per litre while those for diesel and RON95 will remain unchanged from tomorrow to October 5.

The Finance Ministry, in a statement today, said the price of RON97 will drop from RM4.05 to RM4 per litre.

To protect consumers from the effects of global oil price hikes, the government has capped RON95 at the price of RM2.05 per litre and diesel at RM2.15 per litre, although the actual market prices of the two products have exceeded the set ceiling prices, it said.

The prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.

“The government will continue to monitor the effects of changes in global crude oil prices and take suitable steps to ensure the continued welfare and wellbeing of the people,” the statement said. – Bernama, September 28, 2022.