Kuala lumpur: The retail price of diesel in Peninsular Malaysia will rise by five sen to RM3.04 per litre, while prices in Sabah, Sarawak, and Labuan will remain unchanged at RM2.15 per litre, for the period from February 26 to March 4. The Ministry of Finance (MOF) announced this adjustment in a statement today, reflecting changes in the global oil market.

According to BERNAMA News Agency, the retail price of RON97 petrol will also see an increase of five sen, bringing it to RM3.15 per litre. Meanwhile, the price of unsubsidised RON95 petrol is set to rise by five sen to RM2.59 per litre for the same period. The price of subsidised RON95 petrol, under the BUDI95 initiative, will remain steady at RM1.99 per litre.

The MOF stated that the government is committed to reviewing and adjusting the retail prices of RON97, RON95, and diesel in response to global market developments. Ensuring price stability remains a key priority for the government as it navigates the fluctuations in the global oil market.

The ministry emphasized that the government will continue to closely monitor global crude oil price trends and implement appropriate measures to safeguard the welfare and well-being of the populace.