Unsubsidised petrol prices fall by 5 sen, diesel by 10 sen
KUALA LUMPUR: Retail prices of unsubsidised RON97 and RON95 petrol will fall by five sen a litre from midnight tonight until next Wednesday, the Finance Ministry said.
The Malaysian government has announced a reduction in the prices of unsubsidised petrol and diesel, with retail prices falling by 5 sen per litre for RON97 and RON95 petrol, and 10 sen per litre for diesel from midnight tonight until next Wednesday. Subsidised petrol and diesel prices, on the other hand, will remain unchanged at RM1.99 a litre and RM2.15 a litre, respectively.
The ministry cited signs of recovery in regional markets for refined petroleum products, as well as China resuming fuel exports for October and South Korea continuing to supply refined petroleum products, as factors contributing to the price drop. However, the ministry also noted that Brent crude prices remain above US$100 a barrel and that price volatility is expected to continue in the medium term due to the widening conflict in the Middle East and the risk of supply disruptions.
The government pledged to protect the public and businesses from the effects of global uncertainty while continuing to subsidise fuel, with a budget of RM40 billion planned for next year.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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