Weekly fuel prices: RON97 up 12 sen, RON95, diesel unchanged

PETALING JAYA: The fuel prices of RON97 will increase by 12 sen per litre, while RON95 and diesel remain the same for the following week.

The Finance Ministry said the price of RON97 will increase from RM2.67 per litre to RM2.79 per litre beginning Saturday (Sept 28) until Oct 4.

However, the prices of RON95 and diesel will remain at RM2.08 per litre and RM2.18 per litre respectively.

"Based on the calculation under the Automatic Pricing Mechanism, the retail prices for both RON95 and diesel should be increased to RM2.49 per litre and RM2.39 per litre respectively," it said in a statement Friday (Sept 27).

The ministry noted that the retail prices for both RON95 and diesel were at RM2.37 per litre and RM2.32 litres respectively last week.

"The prices for RON95 and RON97 are placed at RM2.08 per litre and RM2.18 per litre respectively in line with the government's decision to stabilise fuel prices for petroleum products and to protect the economy," it said.

The ministry also noted that the estimated subsidy borne by the government between Sept 28 and Oct 4 is about RM173.26mil.

The weekly fuel pricing mechanism was reintroduced on Jan 5 under the APM.

Under this system, weekly fuel prices are announced every Friday and remain in force for one week.