KUALA LUMPUR, Nov 22 -- The retail price of RON97 petrol will drop by four sen to RM2.66 per litre, while the prices of RON95 petrol and diesel will be maintained at RM2.08 and RM2.18 per litre respectively, for the Nov 23 to 29 period.
Announcing this in a statement today, the Finance Ministry said based on the Automatic Pricing Mechanism formula, the prices of RON95 and diesel should be RM2.40 and RM2.27 per litre respectively, during the same period.
However, the prices of both products had been maintained at RM2.08 and RM2.18 per litre respectively, in line with the government's decision to stabilise the prices of petroleum products and to ensure the economic well-being of Malaysians.
The subsidy for both the products during the Nov 23 to 29 period, will cost the government RM111.6 million.
KOTA KINABALU, Dec 4 -- The Sabah investment mission to Japan has finalised a RM100 million investment from Tokyo-based Blue Capital Management Co. Ltd. (Blue Capital) whose core business includes biomass power generation.
KUALA LUMPUR, Dec 4 -- The Ministry of Primary Industries (MPI) is raring to confront the European Union (EU) on its palm oil discrimination, through filing Malaysia’s case with the World Trade Organisation (WTO).
KUALA LUMPUR, Dec 4 -- Petronas FutureTech, an accelerator programme to encourage local innovations and support Malaysian startups, held its first ‘Demo Day’ recently, with 19 startups across the energy, industry, and digital innovation sectors.
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