Fuel prices go up by 2% to 3%

PETALING JAYA: Fuel prices are up across the board from tomorrow for the second week of August.

RON95 will go up by five sen to RM2.12 per litre while RON97 will go up by seven sen to RM2.39 per litre.

The price of diesel is up by one sen to RM2.06 per litre.

This is the second straight week of increase after RON95 and RON97 went up by four sen and diesel by six sen in the previous week.

The new prices will come into effect from Thursday until Aug 16.

This was announced on RTM1 and posted on the Domestic Trade, Cooperatives and Consumerism Ministry's Twitter account on Wednesday evening.

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

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