The International Automobile Federation (FIA), which stressed the seriousness of violating a red flag condition, decided to reduce the sanction since Ricciardo slowed his car as much as he could and given that "no danger was created", reports Efe.
"The Stewards therefore are imposing a lesser penalty than usual, and impose a three-grid place penalty and two penalty points," the statement read.
The Australian driver explained to FIA that an error might have occurred in reading his car's dashboard.
Red Bull commented on the incident, saying "tough news for our Aussie who has received a three place grid penalty for a red flag violation. Expect a fired up Honey Badger this weekend!"
The Australian Grand Prix takes place on Sunday.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
