KUALA LUMPUR: The retail prices of diesel as well as RON95 and RON97 petrol will remain unchanged from Sept 1 to 7.
The Finance Ministry, in a statement on Wednesday (Aug 31), said to protect consumers from global oil price hikes, RON95, RON97 petrol and diesel will remain at RM2.05 per litre, RM4.30 per litre and RM2.15 per litre respectively although the actual market prices had increased beyond the current ceiling prices.
It said the prices were set based on the weekly retail prices of petroleum products using 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 welfare and well-being of the people continue to be protected,” it said. – Bernama