KUALA LUMPUR, Oct 26 — The retail prices of RON95 and RON97 petrol and diesel will remain unchanged for the week from October 27 to November 2.
In a statement today, the Finance Ministry said the retail price of RON97, RON95 and diesel would remain at RM3.95, RM2.05 and RM2.15 per litre, respectively.
To protect consumers from the global oil price increase, 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 said.
The prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism formula.
— Bernama
