Fuel_Wallet_GaugeThe retail price of RON 97 petrol is now RM2.70 per litre, with the 20 sen drop from the existing RM2.90 per litre coming about yesterday.

The pump price of RON 97 was last revised on March 6 this year, when it was increased by 20 sen from the RM2.70 per litre previously. Rumours abounded about a potential increase a few days after GE13, but a check at the pump in the wee hours of the morning revealed that everything was status quo.

No change whatsoever to RON 95 petrol and diesel prices, which is subsidised by a government allowance. Unlike the regulated and subsidised RM1.90 per litre RON 95, the pricing of RON 97 works on a managed float, with pricing determined according to market forces.