RON95 retail price fixed at RM2.20 per litre, diesel at RM2.18 per litre

PUTRAJAYA: The federal government has decided to fix the RON95 retail price at RM2.20 per litre, while the diesel retail price has been set at RM2.18 per litre for the rest of the year.
In a statement, today, Finance Minister Lim Guan Eng said in the meantime, the RON97 price will be floated on a weekly basis.
"The government has priced it at RM2.66 per litre from today until June 13," he said.
Lim also announced that the government will subsidise 33 sen per litre for all retail purchases of RON95 and diesel for this week.
"Without the subsidy, the price of RON95 and diesel would rise to RM2.53 and 2.51 per litre respectively.
"Global crude oil prices have reached US$76 (RM301) per barrel, while refined petrol and diesel products are currently priced between US$87 and US$88per barrel," he said.
In ensuring the RON95 and diesel retail prices are maintained for the rest of the year, Lim said the government has allocated RM3 billion until the end of the year to finance the subsidy.