Kuala lumpur: The retail prices of RON97 and unsubsidised RON95 petrol in Peninsular Malaysia will decrease by 30 sen and 20 sen to RM4.35 and RM3.72 per litre respectively, from June 4 to 10. In a statement today, the Ministry of Finance (MOF) said the price of diesel in Peninsular Malaysia will also be reduced by 20 sen, from RM4.87 to RM4.67 per litre, for the same period.

According to BERNAMA News Agency, the retail price adjustment was in line with the Automatic Pricing Mechanism (APM) formula for the week, which was lowered following a decline in average international market prices the previous week.

During the same period, the MADANI government will maintain targeted subsidised prices for the people and selected sectors, covering RON95 (BUDI95) at RM1.99 per litre, diesel in Sabah, Sarawak and Labuan at RM2.15 per litre, the Subsidised Petrol Control System (SKPS) at RM2.05 per litre, and the Subsidised Diesel Control System (SKDS) at RM2.15 per litre.

The ministry said that at the current unsubsidised RON95 price of RM3.72 per litre, the use of 200 litres would cost RM744.