KUALA LUMPUR (April 21): The retail petrol price of RON97 will go up by four sen per litre, while retail prices of RON95 and diesel will remain unchanged at RM2.05 and RM2.15 per litre respectively, for the period of April 22 to 28.
The new retail price of RON97 is RM2.58 per litre, the Ministry of Finance (MoF) said in a statement today.
It said the new prices are based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula.
“To protect consumers from global oil price increases, the government will maintain the ceiling prices of RON95 at RM2.05 per litre and diesel at RM2.15 per litre even though the APM market prices of RON95 and diesel have increased beyond the current ceiling prices,” the statement said.
It added that the government will continue to monitor trends of global crude oil prices and take appropriate measures to ensure continued welfare and well-being of the people.
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