RON97 petrol price rises, RON95 petrol, diesel prices unchanged

KUALA LUMPUR, The retail price of RON97 petrol will be higher by three sen, at RM2.53 per litre, while the prices of RON95 petrol and diesel will remain the same, at RM2.08 and RM2.18 per litre, respectively, from tomorrow to Sept 20.

The Finance Ministry announced in a statement today that the prices of RON95 petrol and diesel have been retained in line with the government decision to stabilise the retail prices of petroleum and reduce the cost of living.

Based on the calculation according to the Automatic Pricing Mechanism (APM), the retail price of RON95 petrol and diesel for the period should actually be RM2.23 and RM2.29 per litre, respectively.

“This shows an increase from last week of the retail prices of RON95 petrol and diesel which were then RM2.20 and RM2.26 per litre, respectively, it said.

With the retention of the retail prices of RON95 petrol and diesel, the estimated petroleum subsidy that the government will have to bear for the period Sept 14 to 20 is RM68.71 million, it added.

Source: BERNAMA (News Agency)