THE retail price of RON97 will drop by 5 sen per litre, while the prices of diesel and RON95 will remain unchanged starting tomorrow till October 12.

The Finance Ministry, in a statement today, said the price of RON97 will drop from RM4 to RM3.95 per litre.

The price of RON95 is unchanged at RM2.05 per litre. The price of diesel, too, remains at RM2.15 a litre.

“To protect consumers from the effects of global oil price hikes, the government will maintain the prices of RON95 and diesel,” the ministry said in a statement. 

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. – October 5, 2022.