RON97 petrol falls another 10 sen cheaper per litre to RM3.85, based as usual on the Automatic Pricing Mechanism (APM) which determines the retail price for unsubsidized fuel in Malaysia. RON95 petrol and biodiesel continue to be subsidized to maintain their prices and the new government says that while there is a need for subsidies to be targeted, it is a complex process to ensure that it will benefit those who really need assistance.
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