Perhaps it’s a coincidence but with the new government now confirmed, the first update of fuel prices has RON97 petrol becoming 10 sen cheaper per litre. This would still be based on the Automatic Pricing Mechanism (APM) which determines the retail price for unsubsidized fuel in Malaysia. RON95 petrol and biodiesel are currently subsidized to maintain their prices but the government may soon review the subsidies to have a more targeted approach that benefits those who really need assistance.
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