Fuel prices up for last week of July

Fuel factor: Analysts say the moderation in inflation in June was mainly driven by a decline in the transport component, reflecting lower fuel prices.

PETALING JAYA: Fuel prices will be higher across the board from Thursday, with a six sen hike per litre for petrol and a three sen increase for diesel.

RON95 petrol will be increased by six sen and priced at RM2.03 per litre (from RM1.97 per litre), while RON97 will be priced at RM2.28 per litre (from RM2.22 per litre).

Meanwhile, the price of diesel will be up by three sen at RM1.99 per litre (from RM1.96 per litre).

The new prices, announced on RTM1 on Wednesday evening, will be in effect from 12.01am on July 27 until August 2.

The weekly fuel pricing mechanism came into effect in April this year.

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.