The retail price of RON97 petrol will be higher by 11 sen at RM4.83 per litre, while the prices of RON95 petrol and diesel remain unchanged for the week from June 16 to June 22.
The Finance Ministry in a statement today stated that the prices of RON95 petrol and diesel will remain at RM2.05 per litre and RM2.15 per litre respectively.
This is despite the market price of the two products having risen beyond the current ceiling price, said the ministry.
It also said the new price is based on the weekly retail prices of petroleum products in accordance with the Automatic Pricing Mechanism (APM) formula.
“The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and wellbeing of the people,” it said.
- Bernama
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