Kuala lumpur: The retail price of RON95 petrol remains unchanged at RM2.05 per litre, while the price of RON97 increases by three sen from RM3.18 to RM3.21 per litre for the period of July 17 to 23.

According to BERNAMA News Agency, the Ministry of Finance (MOF) announced in a statement today that during the same period, the retail price of diesel in Sabah, Sarawak, and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia, it rises by three sen from RM2.88 to RM2.91 per litre.

MOF explained that the price adjustments are based on the weekly retail pricing of petroleum products, using the Automatic Pricing Mechanism formula. The ministry emphasized that the government continues to monitor market trends and adjust the retail prices of RON97 and diesel in line with global oil price movements, while supporting price stability.

The statement further noted that the government will also take appropriate measures to safeguard the welfare of consumers in response to fluctuating market conditions.