Source: bernama (View expressed here is solely the opinion of the source)
KUALA LUMPUR: The government yesterday announced that the retail price of RON97 would cost 10 sen less at RM2.80 per litre from today.
In a statement yesterday, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the lower price was in line with the dip in average global crude oil prices in May.
He said the retail RON97 price, in principle, was fixed based on a managed float whereby the monthly price was determined according to market forces
