From The Star..
The pump price of RON97 petrol will be reduced by 20sen to RM2.60 per litre from Thursday (July 5). Finance Minister II Datuk Seri Ahmad Husni Hanadzlah said in a statement that the reduction was due in line with the drop in the average global oil price.
The government had on June 7 lowered the price of RON97 petrol by 10sen to RM2.80 a litre.
The retail price of RON97 petrol is determined by a 'managed float' in which the price will be changed according to the market.
Petrol price of RON95 remains at RM1.90 a litre while diesel is at RM1.80 a litre.