The Finance Ministry, in a statement today, said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM). — Picture by Ahmad Zamzahuri
KUALA LUMPUR, Aug 18 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM2.74, RM2.05 and RM2.15 per litre respectively for August 19 to 25 period.
The Finance Ministry, in a statement today, said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM).
“To protect consumers from the effect of the actual price increase of oil on the global market, the government has maintained RON95 at the ceiling price of RM2.05 per litre and diesel at RM2.15 per litre, although the actual market prices for both products have exceeded the ceiling price set,” it said.
It said the government would continue to monitor the effects of changes in world crude oil prices and take appropriate measures to protect the welfare and well-being of the people. — Bernama