Petrol price dips 10 sen

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KUALA LUMPUR, June 6, 2012: The retail price of RON97 would cost 10 sen less at RM2.80 per litre from Thursday.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the lower price was line with the dip in average global crude oil prices in May.

He said the retail RON97 price, in principle, was fixed based on a managed float whereby the monthly price was determined according to market forces.