Fuel prices Oct 21 - 27: RON95, RON97, diesel all unchanged

KUALA LUMPUR: The retail prices of RON95 petrol and diesel will remain unchanged at RM2.05 and RM2.15 per litre respectively until Oct 27, says the Finance Ministry on Wednesday (Oct 20).

The Ministry also said the retail price of RON97 petrol will remain unchanged at RM2.87 per litre from Thursday (Oct 21) until Oct 27.

The Finance Ministry said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM).

"To protect consumers from the effects of actual increase in oil prices on the global market, the government has maintained the retail price of RON95 at the ceiling price of RM2.05 per litre and diesel at RM2.15 per litre, although the actual market prices for both products have exceeded the set ceiling prices,” it said.

The Ministry also said the government would continue to monitor the trends of global crude crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people.

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Award winning academician aiming to give local athletes a mental boost
Sabbaruddin Chik passes away aged 80
PAS will only contest one seat in S’wak polls, Beting Maro
Devolution of authority in fisheries a first step to greater autonomy, says Kitingan
Hajiji urged to increase state spending to spur Sabah's recovery
Transport Minister visits Bintulu Port Authority
Malaysia, China agree to maintain peace, stability in South China Sea
Covid-19 Watch: More new cases than recoveries, says Health DG
Prices of basic necessities to stabilise soon, says Agriculture Ministry
Muhyiddin optimistic that PN will be people's choice in GE15

Others Also Read