The December pump prices for RON95, RON97 and diesel has dropped by 5 sen, reports Oriental Daily.
This will give respite to last month’s prices which were the priciest this year.
RON95 drops to RM1.90 per litre from RM1.95, RON97 went to RM2.25 from RM2.30, and diesel fell to RM1.85 from RM1.90 per litre at the pump.
The new prices will come into effect after midnight tonight.
The new prices will come into effect after midnight tonight.
The government determines the prices of fuel through a managed float system.
It takes into account several factors, including the global price of crude oil and the country’s currency strength in the previous month.
-Mkini
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