RON95, RON97, gas oil prices unchanged

KUALA LUMPUR, Aug 31 (Bernama) — Diesel, RON95 and RON97 petrol retail prices will remain unchanged for a week from 1st September to 7th September.

In a statement today, the Ministry of Finance announced that RON95, RON97 and diesel will be priced at RM2.05 per liter, RM4.30 per liter and RM2.15 per liter respectively to protect consumers from rising global oil prices. However, the actual market has seen prices for the two products rise above their current caps.

It said prices were set based on weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM) formula.

“The government will continue to monitor global oil price developments and take appropriate measures to ensure that people’s well-being and welfare continue to be protected,” it said.

— Bernama

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