Kuala lumpur: The retail prices of RON97 petrol and diesel in Peninsular Malaysia have been reduced by four sen, now set at RM3.13 and RM2.90 per litre respectively, for August 14 to 20.

According to BERNAMA News Agency, the Ministry of Finance (MOF) announced that during the same period, the retail price of diesel will remain at RM2.15 per litre in Sabah, Sarawak, and Labuan. The statement also mentioned that the retail price of RON95 petrol will remain at RM2.05 per litre.

The MOF stated that these price adjustments are based on the weekly retail pricing of petroleum products, using the Automatic Pricing Mechanism (APM) formula. The government emphasized its commitment to monitoring global oil price trends and taking appropriate measures to safeguard the welfare and well-being of the people.