Ron97, diesel prices down eight sen in peninsula
Published on: Wednesday, May 07, 2025
Published on: Wed, May 07, 2025
By: Bernama Text Size: For illustrative purposes only. KUALA LUMPUR: The retail prices of Ron97 petrol and diesel in Peninsular Malaysia have been reduced by eight sen, now set at RM3.10 and RM2.80 per litre, respectively, for May 8-14. Ministry of Finance (MOF) in a statement today said, the retail price of Ron95 petrol remains unchanged at RM2.05 per litre, while diesel prices in Sabah, Sarawak and Labuan also remain at RM2.15 per litre. The ministry explained that the prices were based on the weekly retail pricing of petroleum products, calculated using the Automatic Pricing Mechanism (APM) formula. 'The government continues to monitor market developments and adjust the Ron97 and diesel fuel's retail prices based on global oil market fluctuations, whilst supporting price stability,' the statement read. It added that the government would also take appropriate measures to safeguard the welfare and well-being of the people. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Indonesian, French firms partner up to develop efuels
JAKARTA: (Bernama-Xinhua) PT Pertamina New & Renewable Energy (NRE), a sub-holding of Indonesia's state-owned oil and gas company PT Pertamina, is collaborating with French firm MGH Energy to explore breakthroughs in the production of e-fuels, an official said on Wednesday (June 4), reported Xinhua. The partnership, formalised during the Indonesia-France Business Forum on May 28, focuses on the development of e-methanol and eSAF (e-sustainable aviation fuel), according to John Anis, CEO of PT Pertamina NRE. "Indonesia has a huge potential of renewable resources, from solar to hydro, which could be the basis for industrial-scale e-fuel production," said Anis in a statement issued Wednesday. He added that this strategic collaboration not only aims to develop innovative solutions for reducing carbon emissions but also represents a valuable opportunity for technology transfer. It is expected to accelerate both the production and adoption of renewable energy in Indonesia. Fadjar Djoko Santoso, vice president of corporate communication at PT Pertamina, emphasised the importance of international cooperation in tackling climate change and achieving national environmental goals. "PT Pertamina NRE plays an important role in the transition to clean energy. This collaboration is a strategic step towards a more sustainable, fair, and open energy system," he said. MGH Energy is known for its focus on decarbonising the transportation sector, particularly in maritime and aviation. - Bernama-Xinhua
Free Malaysia Today
3 hours ago
- Free Malaysia Today
RON97, diesel down 3 sen
PETALING JAYA : The prices of RON97 and diesel in Peninsular Malaysia will be reduced by a further three sen per litre in the coming week, the finance ministry announced today. In a statement, the ministry said RON97 would be priced at RM3.07 per litre nationwide, while diesel would retail at RM2.74 per litre in Peninsular Malaysia. The price of RON95 is maintained at RM2.05 per litre while diesel will retail at the subsidised price of RM2.15 per litre in Sabah, Sarawak and Labuan. These prices will be in effect until June 11. The ministry said the government would continue to monitor global crude oil price trends and take appropriate measures to ensure the people's continued welfare and wellbeing.
Barnama
4 hours ago
- Barnama
CPO Futures Likely To Trade Sideways Next Week Amid Limited Market Catalysts, Shorter Week
By Siti Noor Afera Abu KUALA LUMPUR, May 31 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to move sideways next week due to limited market catalysts and a shorter trading week. Palm oil trader David Ng said the lack of fresh trading cues will likely keep the market range-bound in the near term. 'We expect the commodity to trade between RM3,750 and RM3,950 per tonne,' he said. Cargo surveyors expect exports of Malaysian palm oil products during May 1-25 to rise between 7.3 per cent and 11.6 per cent, compared with the same period a month ago. Meanwhile, Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said market participants will be keenly watching for May supply and demand estimates from newswire polling and the full month production data from the Malaysian Palm Oil Association, including data from the Malaysian Palm Oil Board (MPOB), due on June 10. On a Friday-to-Friday basis, the spot-month June 2025 contract rose RM64 to RM3,888 per tonne, July 2025 was RM55 higher at RM3,891 per tonne, and August 2025 added RM51 to RM3,878. The September 2025 note rose RM49 to RM3,870 per tonne, October 2025 edged up RM46 to RM3,870, and November 2025 gained RM43 to RM3,874. The weekly trading volume was down to 281,987 lots from 331,960 the previous week, while open interest narrowed to 241,994 contracts from 244,075.
