PETALING JAYA: The price of premium petrol RON 97 will be increased by 20 sen to RM2.90 per litre today.
Malaysian Petrol Dealers Association president Datuk Hashim Othman, who confirmed this, said the price hike would be effective at midnight yesterday.
“The price of RON 97 currently fluctuates as the Government has lifted the subsidy for this petrol,” he said.
He added that the recent occurrences of global natural disasters and the political instability in the Middle East had caused an increase in crude oil prices.
Hashim said crude oil prices dipped slightly after the United States announced the death of terrorist Osama bin Laden.
“The price of RON 97 might go down in the future, but that depends on the political situation in the Middle East,” he said.
“Natural disasters will also affect the price.”
Hashim, however, added that the price of RON 95, which is subsidised, would stay at RM1.90 per litre.
source: thestar.com.my