According to a statement from the Finance Ministry on Wednesday (April 3), the retail prices of RON97 and RON95 petrol, as well as diesel, will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre respectively from Thursday (April 4) until April 10. This decision was made based on the weekly retail prices of petroleum products, using the Automatic Pricing Mechanism (APM) formula.
The government has opted to keep the prices stable in order to shield consumers from the impact of rising global oil prices. This means that despite increasing market prices, the ceiling price of RON95 will remain at RM2.05 per litre and diesel at RM2.15 per litre. The government is committed to ensuring that consumers are not burdened by sudden price hikes and is closely monitoring global crude oil price trends to take necessary action to safeguard the welfare of the public.
The statement emphasized the government’s dedication to maintaining price stability and protecting consumers from the effects of fluctuating global oil prices. By keeping prices steady, the government aims to provide a sense of security and affordability for consumers during uncertain economic times. The decision to maintain current price levels reflects the government’s commitment to prioritizing the well-being of the people.
It is essential for the government to continually assess and respond to changes in global oil prices to ensure that consumers are not unduly affected by market fluctuations. By closely monitoring price trends and implementing appropriate measures, the government can effectively manage the impact of external factors on the local economy. This proactive approach is crucial in safeguarding the interests of consumers and maintaining a stable economic environment.
The government’s proactive stance in managing fuel prices demonstrates its commitment to protecting the welfare of the public and promoting economic stability. By addressing the impact of global oil price changes through measures such as maintaining stable fuel prices, the government aims to mitigate the negative effects on consumers while fostering a conducive environment for economic growth. This strategic approach highlights the government’s responsiveness to market dynamics and its dedication to ensuring the well-being of the people.
