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KUALA LUMPUR (July 26): The retail price of RON97 petrol will drop by 11 sen to RM2.56 per litre next week, said the Finance Ministry today.
Meanwhile, the prices per litre of RON95 petrol and diesel remain at RM2.08 and RM2.18 each.
"Based on calculations using the automatic pricing mechanism formula, the retail price of RON95 and diesel during the period should be RM2.26 per litre and RM2.31 per litre respectively.
"This shows a reduction from last week, where the retail price of RON95 was RM2.37 per litre and diesel was RM2.37 per litre," it said in a statement today.
The government will spend RM90.48 million subsidising the price of RON95 and diesel during the period.
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