KUALA LUMPUR, Aug 31 – The new retail price for petrol RON95 and RON97 for December will decreased by 5 sen per litre which will effective at midnight tonight, while diesel prices remain the same. The new price after Goods and Services Tax (GST), the retail price of RON95 and RON97 for the month of September 2016 is as follows:
- RON95 : From RM 1.75/liter to RM 1.70/liter
- RON97 : RM 2.10/liter to 2.05/liter
- DIESEL : RM 1.70/liter (No Change)
Malaysian Petrol Dealers Association deputy president Datuk Zulkifli Mokti said that the new retail price for RON95 and RON97 will be effective from 12.01 am, September 1. The government had on Dec 2014 decided to impose a managed float system to determine the prices of fuel, following the removal of fuel subsidies.