KUALA LUMPUR: The retail prices of unsubsidised RON95 petrol and diesel in Peninsular Malaysia will be increased by 20sen and 10sen per litre, respectively, while the price of RON97 will increase by 15sen from May 21-27.
The Finance Ministry said, in a statement Wednesday (May 20), that the retail price of RON97 would be set at RM4.85 per litre compared with RM4.70 previously, while unsubsidised RON95 would rise to RM4.07 per litre from RM3.87 previously.
The price of diesel in Peninsular Malaysia will meanwhile be set at RM4.97 per litre compared with RM4.87 previously.
The ministry said that price adjustments are based on the Automatic Pricing Mechanism formula, which takes into account the average price of the previous week.
At the same time, the government will maintain targeted subsidised prices for the people and selected sectors, covering RON95 (Budi95) at RM1.99 per litre, diesel in Sabah, Sarawak and Labuan, as well as the Subsidised Diesel Control System (SKDS) at RM2.15 per litre, the Subsidised Petrol Control System (SKPS) at RM2.05 per litre.
The government also called on the public to continue using fuel prudently to help safeguard the nation's supply stability.
