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RON97 down 10 sen from tomorrow

June 6, 2012

The lower price was line with the dip in average global crude oil prices in May.

KUALA LUMPUR: The government today announced that the retail price of RON97 would cost 10 sen less at RM2.80 per litre from tomorrow.

In a statement today, Second Finance Minister Ahmad Husni Hanadzlah said the lower price was line with the dip in average global crude oil prices in May.

He said the retail RON97 price, in principle, was fixed based on a managed float whereby the monthly price was determined according to market forces.


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