Unsubsidised diesel will also cost 10 sen cheaper, with these prices in effect until Aug 19.
RON97 will be priced at RM4.15 per litre, down 20 sen from RM4.35 currently, while unsubsidised RON95 will be sold at RM3.62 per litre, a 15 sen reduction from RM3.77.
Unsubsidised diesel will, meanwhile, retail at RM4.47 per litre, a 10 sen decrease from RM4.57 presently.
RON95 under the BUDI95 scheme will continue to be sold at RM1.99 per litre, while the price of diesel will be fixed at RM2.10 per litre under the BUDI Diesel initiative.
Subsidised petrol under the subsidised petrol control system (SKPS) will remain at RM2.05 per litre, while subsidised diesel under the subsidised diesel control system (SKDS) will retail at RM2.15 per litre.
These prices will be in effect until Aug 19.
In a statement, the ministry said the price of unsubsidised petroleum products was influenced by movements in the global oil market in the past week.
However, it pointed out that the price of crude oil rose by nearly 5% on Monday following concerns that the reopening of the Strait of Hormuz would continue to be delayed.
“The prices of petroleum products are expected to remain significantly volatile in the near future,” it said.
It urged the public to continue to use fuel prudently, plan their journeys more efficiently, and reduce unnecessary travel to help conserve the nation’s fuel supply and ease pressure on subsidy expenditure. - FMT
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