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The Malaysian Insider

Malaysia

RON 97 price up 5 sen tomorrow

November 01, 2010

Starting tomorrow, RON 97 petrol will come with a new and improved price tag. — Reuters pic
KUALA LUMPUR, Nov 1  — Petrol dealers said today they will raise the price of the premium grade RON 97 fuel by 5 sen or 2.4 per cent to RM2.15 a litre tomorrow.

“RON 97 has not been subsidised by the government and since world oil prices have gone up, the petrol price gets adjusted,” Hashim Othman, president of the Petroleum Dealers Association of Malaysia, told Reuters.

The increase, which will not affect the more commonly used RON 95 fuel, is part of subsidy cuts that the government had earlier announced to rein in its budget deficit. — Reuters