The retail price of RON97 petrol will go up by three sen to RM2.73 a litre while the prices of RON95 petrol and diesel will remain unchanged starting midnight until July 28.
The Finance Ministry in a statement today announced the retail price of RON95 would stay at RM2.05 per litre while the price of diesel remained at RM2.15 per litre.
According to the statement, prices are based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM).
“To protect consumers from the effects of the actual oil price in the global market, the government has maintained the retail prices of RON95 petrol and diesel even though the actual market prices for both products have increased above the stipulated ceiling price level,” read the statement.
The Finance Ministry said the government would continue to monitor the price of crude oil and take appropriate measures to ensure the people's welfare continue to be protected.
- Bernama
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