Peninsular Malaysia: The retail prices of RON97 petrol and diesel in Peninsular Malaysia have been reduced by eight sen, now set at RM3.10 and RM2.80 per litre, respectively, for May 8-14.

According to BERNAMA News Agency, the Ministry of Finance (MOF) stated that the retail price of RON95 petrol remains unchanged at RM2.05 per litre. Additionally, diesel prices in Sabah, Sarawak, and Labuan are stable at RM2.15 per litre.

The ministry clarified that the pricing is determined based on the weekly retail pricing of petroleum products, calculated using the Automatic Pricing Mechanism (APM) formula.

The statement further mentioned that the government is actively monitoring market developments and will adjust the retail prices of RON97 and diesel fuel in accordance with global oil market fluctuations, with the aim of supporting price stability.

Moreover, the government emphasized its commitment to implementing measures that protect the welfare and well-being of the population.