Fuel prices remain unchanged

 

KUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre respectively for the Oct 26 to Nov 1 period.

The finance ministry, in a statement today, said the price was based on the weekly retail prices of petroleum products in accordance with the Automatic Pricing Mechanism (APM) formula.

“To protect consumers from the increase of global oil price, the government will maintain the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price for both products has increased beyond the current ceiling price,” it added.

The ministry said the government will continue to monitor the global crude oil price trend and take necessary measures to ensure the continued welfare and well-being of the people. - FMT