KUALA LUMPUR, May 13 -- Retail prices for RON97, RON95 without subsidy and diesel in Peninsular Malaysia will be lower for the May 14 to 20 period, with RON97 set at RM4.70 per litre, RON95 (without subsidy) at RM3.87 per litre, and diesel at RM4.87 per litre, the Ministry of Finance said.

The ministry said the adjustment was made under the Automatic Pricing Mechanism (APM) following a decline in global market prices, although fuel costs remain elevated compared to pre-conflict levels in West Asia.

It noted that crude oil is still hovering around US$100 per barrel, compared to about US$60 to US$70 before the conflict, with prices also affected by higher logistics and insurance costs as well as risks to supply routes such as the Strait o...