PUTRAJAYA: The price of RON95 will be reduced by four sen, bringing the price to RM2.26 per litre, while the RON97 would cost RM2.46 per litre (a reduction of nine sen), effective 12.01am.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hasan Malek said however, the price of diesel would see a three-sen increase from the current RM2.20 per litre.
In a statement here today, the minister said the new pricing for petrol and diesel would be effective only for the month of December.
On Nov 21, the government had decided that fuel subsidies for RON95 and diesel would be removed beginning December 1 following the implementation of a managed float system, similar to that used on RON97.
Under the system, the monthly average of the world crude oil price would determine the retail fuel prices of the following month.