Ron97, diesel prices down eight sen in peninsula
Published on: Wed, May 07, 2025
By: Bernama Text Size: For illustrative purposes only. KUALA LUMPUR: The retail prices of Ron97 petrol and diesel in Peninsular Malaysia have been reduced by eight sen, now set at RM3.10 and RM2.80 per litre, respectively, for May 8-14. Ministry of Finance (MOF) in a statement today said, the retail price of Ron95 petrol remains unchanged at RM2.05 per litre, while diesel prices in Sabah, Sarawak and Labuan also remain at RM2.15 per litre. The ministry explained that the prices were based on the weekly retail pricing of petroleum products, calculated using the Automatic Pricing Mechanism (APM) formula. 'The government continues to monitor market developments and adjust the Ron97 and diesel fuel's retail prices based on global oil market fluctuations, whilst supporting price stability,' the statement read. It added that the government would also take appropriate measures to safeguard the welfare and well-being of the people. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
an hour ago
- Barnama
DPM Zahid To Visit New Zealand's National Crisis Management Centre Today
GENERAL WELLINGTON, July 17 (Bernama) -- Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi is scheduled to visit New Zealand's National Crisis Management Centre today to observe the country's disaster and crisis response framework. Located in the Beehive Bunker beneath New Zealand's Parliament, the visit forms part of the fourth day of his official working trip to the country, in line with his responsibilities as Chairman of Malaysia's Central Disaster Management Committee (JPBP). The visit aims to gain insights into New Zealand's emergency response systems, inter-agency coordination, and post-disaster recovery strategies – areas for which the country is widely recognised for its preparedness and transparency. Ahmad Zahid is also expected to hold a bilateral meeting with New Zealand's Minister for Agriculture, Trade and Investment, Todd McClay, to explore potential cooperation in food security and strategic supply chains. Later in the day, he will attend a community engagement session with Malaysians in Wellington, where over 250 citizens residing in the country are expected to participate. The Deputy Prime Minister is scheduled to conclude his working visit and return to Kuala Lumpur on Friday (July 18). Since arriving in Auckland on July 14, he has met with local industry leaders and business groups, including the ASEAN–New Zealand Business Council (ANZBC). On the second day, he travelled to Rotorua for the Māori Business Roundtable, aimed at strengthening collaboration in indigenous and social development initiatives. On the third day, he was in the capital for meetings with senior New Zealand government officials at the Beehive, as part of ongoing efforts to further enhance Malaysia–New Zealand bilateral relations.
Daily Express
3 hours ago
- Daily Express
KPDN seizes over 16,000 litres of diesel in Penampang raid
Published on: Wednesday, July 16, 2025 Published on: Wed, Jul 16, 2025 Text Size: Some of the Intermediate Bulk Container (IBC) tanks suspected to contain subsidised diesel. - Pic by KPDN KOTA KINABALU: The Sabah office of the Domestic Trade and Cost of Living Ministry (KPDN) uncovered the unauthorised storage of 16,180 litres of subsidised diesel during a raid at a premises in Kampung Sindaanan, Kobusak, Penampang on Tuesday (July 15). The evening raid led to the seizure of a four-wheel-drive Isuzu Trooper, equipment, and the diesel, all valued at RM53,527, with a local man in his 30s detained to assist investigations under the Control of Supplies Act 1961. Advertisement According to Sabah KPDN Director Shahril Nizam Shahidin, the operation followed a week of intelligence gathering and public tip-offs, and initial checks revealed the premises had no valid licence or approval to store controlled items. The case is being investigated under several provisions of the Control of Supplies Act and its regulations, which carry penalties of fines up to RM1 million or imprisonment for individuals, and up to RM2 million for companies. Shahril said the ministry will continue proactive checks and encourages the public to report suspected misuse of controlled goods, noting that 1,179 enforcement actions and over RM22 million in seizures have been recorded in Sabah so far this year. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
3 hours ago
- The Star
Bursa Malaysia extends downtrend to close lower
KUALA LUMPUR: Bursa Malaysia closed lower on Wednesday on continuous profit-taking in selected heavyweights led by the financial services and utilities sectors. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 13.90 points or 0.91 per cent to 1,511.50 from Tuesday's close of 1,525.40 The benchmark index opened 1.63 points lower at 1,523.77 and moved between 1,510.14 and 1,526.29 throughout the session. The market breadth was negative, with 727 decliners outpacing 335 gainers and 432 counters unchanged, while 951 were untraded and eight suspended. Turnover improved to 3.18 billion shares worth RM2.44 billion, compared with 3.07 billion shares worth RM2.36 billion on Tuesday UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said telecommunications counters led gains among FBM KLCI constituents, while consumer discretionary names bore the brunt of the sell-off. However, across the broader market, all indices closed in negative territory, reflecting the cautious mood despite recent domestic interest rate cuts, he added. "Adding to the subdued tone, Indonesia's successful negotiation of a 19 per cent tariff rate with the United States (US) further dampened sentiment as Malaysia awaits clarity on its tariff status, currently set at 25%. "This development highlights Malaysia's diminishing competitive edge in regional trade, particularly against Vietnam and Indonesia,' he told Bernama. Mohd Sedek also said market jitters intensified over US President Donald Trump's proposed tariffs on the European Union (EU) and Mexico, stoking concerns that such measures could rekindle inflationary pressures following the stronger consumer price index (CPI) readings. "US headline CPI accelerated to 2.7 per cent year-on-year in June, up from 2.4 per cent in May, prompting investors to reassess expectations for Federal Reserve rate cuts. "A steady flow of negative tariff headlines, coupled with waning hopes for near-term monetary easing in the US, continued to weigh on risk sentiment,' he added. Among the heavyweight counters, Maybank fell 12 sen to RM9.53, Public Bank slipped three sen to RM4.23, Tenaga Nasional shed 22 sen to RM13.68, CIMB lost 13 sen to RM6.50 and IHH Healthcare dropped six sen to RM6.52. In active trade, NexG gained one sen to 48.5 sen, Zetrix AI added two sen to 95 sen, TWL inched up half-a-sen to three sen, while Green Ocean Corporation went down 1.5 sen to 11 sen and Tanco was one sen lower to 89.5 sen. On the index board, the FBM Emas Index declined 105.05 points to 11,371.03, the FBMT 100 Index sank 104.96 points to 11,132.65, and the FBM Emas Shariah Index fell 79.23 points to 11,403.95. The FBM 70 Index dropped 167.01 points to 16,521.39, while the FBM ACE Index went down 5.54 points to 4,582.08. By sector, the Financial Services Index dipped 258.89 points to 17,243.76, the Industrial Products and Services Index shaved 0.76 of a point to 152.63, and the Plantation Index eased 11.63 points to 7,406.79. The Energy Index inched down 3.25 points to 735.67. The Main Market volume retreated to 1.38 billion units worth RM2.11 billion from 1.44 billion units valued at RM2.07 billion on Tuesday. Warrant turnover rose to 1.49 billion units valued at RM213.66 million from 1.28 billion units worth RM172.45 million previously. The ACE Market volume decreased to 304.96 million units valued at RM112.71 million, versus 347.59 million units worth RM122.67 million yesterday. Consumer products and services counters accounted for 206.34 million shares traded on the Main Market; industrial products and services (201.02 million), construction (73.57 million), technology (293.92 million), SPAC (nil), financial services (88.88 million), property (206.53 million), plantation (12.92 million), REITs (21.71 million), closed-end fund (12,600), energy (78.45 million), healthcare (112.27 million), telecommunications and media (33.65 million), transportation and logistics (18.68 million), utilities (30.12 million), and business trusts (51,100). - Bernama
