RON97 and diesel up seven sen, RON95 unchanged
In a statement today, the Ministry of Finance (MOF) said the retail price of diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia, it increases by seven sen to RM2.88 per litre for the same period.
"In line with the rise in global oil market prices, the government has set the retail price of RON97 petrol at RM3.21 per litre, while the retail price of diesel in Peninsular Malaysia is RM2.88 per litre.
"The retail price of diesel in Peninsular Malaysia remains lower than the floated price of RM3.35 per litre on June 10, 2024," the statement read.
MOF said the prices were set based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula.
The statement also noted that the government will continue to monitor market developments and adjust the retail prices of RON97 and diesel in line with global oil price movements while supporting price stability.
"The government will continue to monitor the impact of global crude oil price fluctuations and take appropriate measures to ensure the welfare and well-being of the people are safeguarded," it added.
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