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.