Latest news with #RON97
The Sun
6 days ago
- Business
- The Sun
Diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The government has decided to reduce the retail price for diesel in Peninsular Malaysia by 3 sen to RM2.77 a litre for the period of May 29 to June 4, in line with changes in global oil prices. The Finance Ministry also announced in a statement today that the retail price of diesel in Sabah, Sarawak and Labuan remain at RM2.15 per litre. Also, the retail price of RON97 and RON95 petrol remain at RM3.10 a litre and RM2.05 a litre. The determination of weekly retail price of petroleum products is based on the Automatic Pricing Mechanism. 'The government will continue to monitor market developments and adjust the retail price of diesel by taking into consideration oil market price movements and to support price stability,' the ministry said. The government will also take suitable measures to ensure the people's welfare and prosperity, it added.
New Straits Times
23-05-2025
- Business
- New Straits Times
Benign inflation opens door for monetary easing: Analyst
KUALA LUMPUR: Bank Negara Malaysia may have room to ease interest rates as inflationary pressures remain muted, said Hong Leong Investment Bank (HLIB Research) Citing data from the Department of Statistics, the firm said Malaysia's consumer price growth held steady at 1.4 per cent year-on-year in April, with core inflation edging up to 2.0 per cent. "The recent data suggests a benign domestic inflation environment, with minimal inflationary pressures," HLIB Research said in its economic report today. The firm maintained its 2025 inflation forecast at 2.7 per cent but flagged downside risks due to a subdued global commodity environment and modest demand conditions. It noted that headline inflation was unchanged from March, aligning with consensus expectations. On a month-on-month basis, consumer prices rose slightly by 0.1 per cent, driven by higher costs in information and communication, personal care, housing and recreational services. Core inflation, which excludes volatile food and fuel prices, rose marginally to 2.0 per cent from 1.9 per cent in March, mainly due to higher housing and utility costs. Food and beverage inflation moderated to 2.3 per cent year-on-year, down from 2.5 per cent in March. The decline was supported by lower prices for vegetables, dairy products, and eggs, although prices for food away from home remained elevated at 4.3 per cent. The transport index registered a steady 0.7 per cent annual increase, underpinned by stable fuel prices and a smaller decline in public transport costs. On a monthly basis, the index was unchanged, as lower diesel and RON97 prices offset a modest increase in public transport fares. HLIB Research said services inflation continued to firm, with personal care costs climbing 4.1 per cent year-on-year, while prices in restaurants and hotels, as well as insurance and financial services, remained steady. With real economic growth projected at 4.0 per cent this year and the ringgit forecast to average 4.35 against the US dollar, the firm reiterated its view that inflationary pressures remain contained. This environment, it said, supports the possibility of a rate cut from the current Overnight Policy Rate of 3.00 per cent to 2.75 per cent by year-end.
Free Malaysia Today
22-05-2025
- Business
- Free Malaysia Today
RON97, diesel prices go up by 3 sen
PETALING JAYA : The prices of RON97 and diesel in Peninsular Malaysia will be raised by three sen per litre in the coming week, the finance ministry announced today. In a statement, the ministry said RON97 would be priced at RM3.10 per litre nationwide, while diesel would retail at RM2.80 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 May 28. 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.
The Sun
21-05-2025
- Business
- The Sun
Retail price of RON95 unchanged, RON97, diesel up by three sen in Peninsular Malaysia
KUALA LUMPUR: The retail price of RON95 petrol will remain at RM2.05 per litre, while RON97 will increase by three sen to RM3.10 per litre from RM3.07 per litre for the period of May 22 to May 28. The Ministry of Finance (MOF) announced that for the same period, the retail price of diesel in Sabah, Sarawak, and Labuan will remain at RM2.15 per litre. In Peninsular Malaysia, diesel will see an increase of three sen, from RM2.77 per litre to RM2.80 per litre. According to the ministry, the weekly retail price setting for petroleum products is determined using the Automatic Pricing Mechanism (APM) formula. 'The government will continue to monitor market developments and adjust the retail prices of RON97 and diesel, taking into account crude oil price movements and supporting price stability,' the MOF said in a statement today. 'The government will continue to take appropriate measures to ensure the welfare and well-being of the people are protected.'
The Sun
21-05-2025
- Business
- The Sun
RON95 retail price unchanged, RON97, diesel up by three sen
KUALA LUMPUR: The retail price of RON95 petrol will remain at RM2.05 per litre, while RON97 will increase by three sen to RM3.10 per litre from RM3.07 per litre for the period of May 22 to May 28. The Ministry of Finance (MOF) announced that for the same period, the retail price of diesel in Sabah, Sarawak, and Labuan will remain at RM2.15 per litre. In Peninsular Malaysia, diesel will see an increase of three sen, from RM2.77 per litre to RM2.80 per litre. According to the ministry, the weekly retail price setting for petroleum products is determined using the Automatic Pricing Mechanism (APM) formula. 'The government will continue to monitor market developments and adjust the retail prices of RON97 and diesel, taking into account crude oil price movements and supporting price stability,' the MOF said in a statement today. 'The government will continue to take appropriate measures to ensure the welfare and well-being of the people are protected.'
