logo
RON97 price drops four sen, RON95 and diesel unchanged in Malaysia

RON97 price drops four sen, RON95 and diesel unchanged in Malaysia

The Sun4 days ago
KUALA LUMPUR: The retail price of RON97 petrol has decreased by four sen to RM3.17 per litre for the week starting July 31.
The Ministry of Finance confirmed the adjustment, while RON95 and diesel prices remain unchanged.
RON95 petrol stays at RM2.05 per litre, and diesel prices are maintained at RM2.15 per litre in Sabah, Sarawak, and Labuan, and RM2.91 per litre in Peninsular Malaysia.
The pricing follows the Automatic Pricing Mechanism (APM) formula, which adjusts fuel costs weekly based on global market trends.
'The government will continue to monitor global oil price trends and take appropriate measures to safeguard the welfare and well-being of the people,' the ministry stated. - Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sabah's deep-sea seafood port to boost economy with RM1.8 billion annually
Sabah's deep-sea seafood port to boost economy with RM1.8 billion annually

The Sun

time8 minutes ago

  • The Sun

Sabah's deep-sea seafood port to boost economy with RM1.8 billion annually

KOTA KINABALU: The development of a European Union-standard deep-sea seafood port in Kota Kinabalu is projected to contribute RM1.8 billion annually to Sabah's economy. Chief Minister Datuk Seri Hajiji Noor highlighted this as a high-impact strategic investment in the Blue Economy sector. A total of RM360 million has been committed by the state government and local partners. The port is expected to handle 50,000 tonnes of tuna yearly. It aims to elevate Sabah's role in the deep-sea fishing industry. Hajiji shared these details during the closing ceremony of the National Farmers, Breeders, and Fishermen Day (HPPNK) 2025. The event was attended by Prime Minister Datuk Seri Anwar Ibrahim and key agriculture officials. Hajiji also noted the revival of the Sabah Paddy and Rice Board in 2024, which was dissolved in 1981. This move is seen as a step toward boosting rice self-sufficiency. The state targets a 30% self-sufficiency level (SSL) by 2026 and 60% by 2030. These targets align with federal agricultural priorities. Agriculture contributes RM12.2 billion to Sabah's GDP, making up 14.5% of the total. This has prompted the state to adopt modern technologies like IoT and smart farming. These innovations aim to enhance efficiency, productivity, and youth participation in the sector. Sabah's 15 permanent food production parks have already yielded over 1,494 tonnes of produce. This has generated RM4.32 million in returns. – Bernama

Regulators must uphold integrity to grow capital markets says SC
Regulators must uphold integrity to grow capital markets says SC

The Sun

time38 minutes ago

  • The Sun

Regulators must uphold integrity to grow capital markets says SC

KUALA LUMPUR: Market regulators must operate with integrity and a facilitative approach to drive value creation and expand capital markets, particularly amid evolving challenges, said Securities Commission Malaysia (SC) chairman Datuk Mohammad Faiz Azmi. He emphasised that trust in fair treatment by regulators is essential for maintaining orderly markets. Mohammad Faiz highlighted the need for regulators to balance oversight with market development, avoiding excessive conservatism that stifles innovation. 'Building trust requires strong institutional frameworks. Like regional peers, we have a dual mandate: ensuring fair markets while developing them,' he stated during his keynote at the Malaysian Student Leaders' Summit. He noted the SC's role in expanding Malaysia's capital market from RM600 billion in the 1990s to RM4.1 trillion by 2023. However, he acknowledged setbacks in areas like digital assets and carbon credits, which are yet to mature. 'Our development mandate reassures the market of our growth commitment,' he added. The SC is reviewing strategies to address future challenges, including funding economic growth, inflation-beating returns, and retirement security. Medium-term priorities include climate adaptation financing and strengthening ASEAN ties post-tariff liberalisation. Mohammad Faiz also dismissed the notion that corporate failures always stem from blameworthy actions. 'Business disruptions or poor decisions often lead to downturns. For instance, only five of the original 30 Dow Jones firms from the 1930s survive today,' he concluded. – Bernama

Melaka prepares to host World Tourism Day 2025 in September
Melaka prepares to host World Tourism Day 2025 in September

The Sun

time38 minutes ago

  • The Sun

Melaka prepares to host World Tourism Day 2025 in September

ALOR GAJAH: Melaka is nearly 90% prepared to host World Tourism Day (WTD) 2025 from September 27 to 29. State Tourism, Heritage, Arts and Culture Committee chairman Datuk Abdul Razak Abdul Rahman confirmed that programme content, venue selection, and international delegate invitations are almost finalised. 'We are in the final stages, with only 10 to 15% of work remaining. Invitations have been sent to tourism ministers worldwide, and we expect strong attendance,' he said after officiating the Wakil Rakyat Untuk Rakyat (WRUR) programme in Rembia. The main events will take place at a Melaka Raya hotel for the World Tourism Conference and at Kota Syahbandar's multi-purpose performance centre for the WTD 2025 Gala Dinner and Visit Malaysia Year 2026 launch. Abdul Razak highlighted the venue's suitability, stating, 'It will showcase Melaka's cultural diversity and strategic Straits of Melaka location to global delegates.' The centre will also feature performances from all 14 Malaysian states, open to both guests and the public. Separately, he praised the WRUR programme for effectively addressing local issues in seven constituencies, including Rembia. 'Public engagement has been strong, allowing direct interaction between leaders and communities. Many complaints have been resolved, proving its success,' he added. – Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store