Kuala lumpur: The retail prices of RON97 and non-subsidised RON95 will see a reduction of 2 sen, bringing them to RM3.26 and RM2.63 per litre respectively, for the period from November 27 to December 3.

According to BERNAMA News Agency, the Ministry of Finance (MOF) has announced that the retail price of diesel in Peninsular Malaysia will also decrease by 2 sen to RM3.08 per litre. However, the diesel price in Sabah, Sarawak, and Labuan will remain unchanged at RM2.15 per litre for the same period.

The statement from MOF also highlighted that the retail price of subsidised RON95 petrol under the BUDI MADANI RON95 (BUDI95) initiative will remain at RM1.99 per litre. The government will continue its practice of reviewing and adjusting petrol RON95, RON97, and diesel retail prices based on the movements in current global oil markets. These adjustments are made in accordance with the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula.

Furthermore, MOF emphasized that the government is committed to monitoring global oil price trends and will take necessary measures to ensure the welfare and well-being of the people.