Based on the Automatic Pricing Mechanism, the pump price of RON97 petrol will be RM3.55 per litre after midnight today, a drop of 20 sen this time. The downward trend in fuel prices has been on for a few weeks now and hopefully continues towards the RM3.00 per litre level.
RON95 petrol and biodiesel continue to be subsidized to maintain their prices but the government would like to find a way to ensure that the subsidies are more targeted to reach those who really need that assistance, rather than also applicable to those already able to afford expensive luxury cars as well.
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