Kuala Lumpur: The retail price of RON97 petrol will drop by 5 sen to RM3.28 per litre while diesel in Peninsular Malaysia will also be five sen cheaper at RM2.98 per litre from tomorrow until April 16.

According to BERNAMA News Agency, the Finance Ministry (MOF) stated that the retail price of RON95 petrol will remain unchanged at RM2.05 per litre, while the price of diesel in Sabah, Sarawak, and Labuan will stay at RM2.15 per litre for the same period.

The MOF mentioned that the prices were determined based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism formula. The government is committed to monitoring market developments and adjusting the RON97 and diesel retail prices in response to global oil market fluctuations, while also supporting price stability.

The ministry emphasized that the government will continue to take appropriate measures to ensure the welfare and well-being of the people are safeguarded.