Published: Wednesday July 4, 2012 MYT 7:53:00 PM
RON97 petrol price reduced by 20sen
PETALING JAYA: The pump price of RON97 petrol will be reduced by 20sen to RM2.60 per litre from Thursday (July 5).
Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said in a statement that the reduction was due in line with the drop in the average global oil price.
The government had on June 7 lowered the price of RON97 petrol by 10sen to RM2.80 a litre.
The retail price of RON97 petrol is determined by a 'managed float' in which the price will be changed according to the market.
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