Fuel prices up for third week of April

If oil prices stay where they are, it

PETALING JAYA: Petrol prices are up for the third week of April, under the new weekly pricing mechanism.

RON95 petrol will retail at RM2.24 per litre up, eight sen from RM2.16 last week, while RON97 petrol is priced at RM2.52, up nine sen from RM 2.43.

The price of diesel is RM2.16 compared with last week's price of RM2.08 per litre.

The new prices will come into effect on Thursday, and will remain until April 19.

The Domestic Trade, Co-operatives and Consumerism Ministry posted the new weekly fuel prices on Twitter.

Previously, Domestic Trade, Co-operatives and Consumerism Minister Datuk Seri Hamzah Zainudin announced that a new weekly fuel pricing mechanism would be used from April onwards.

The prices of petrol and diesel had been placed on a managed monthly float system since Dec 1, 2014, following the removal of fuel subsidies.

With the new weekly mechanism, fuel prices will be announced every Wednesday and the new prices enforced after midnight.