During the period of November 9 to 15, the retail prices of RON97 and RON95 petrol as well as diesel will stay the same at RM3.47, RM2.05 and RM2.15 per litre, as stated by the Finance Ministry on Wednesday (Nov 8).
The government determined these prices in accordance with the Automatic Pricing Mechanism (APM) for petroleum products. It was emphasized that this was to safeguard consumers from the effects of global oil price increases.
Even though the actual prices for both RON95 and diesel have exceeded the set ceiling price, the government has decided to maintain RON95 at RM2.05 per litre and diesel at RM2.15 per litre, as stated in the ministry’s statement.
The statement also confirmed that the government will be closely monitoring the world crude oil price trend and taking the necessary steps to ensure the ongoing welfare and well-being of the public.- (Source: Bernama)
