KUALA LUMPUR, Aug 16 — The retail prices of RON97, RON95, and diesel will remain unchanged for the August 17 to August 23 period.
The Ministry of Finance, in a statement today, said that based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula, RON97 would remain at RM3.37 per litre, RON95 at RM2.05 per litre and diesel at RM2.15 per litre.
“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 said.
The ministry said the government would continue to monitor the global crude oil price trend and take appropriate measures to ensure the continued welfare and well-being of the people.
— Bernama
