INSAP: Show Malaysians how diesel prices are calculated

The Institute of Strategic Analysis and Policy Research (INSAP) urges the Ministry of Finance to disclose the full inputs used in each weekly diesel price calculation, specifically the Mean of Platts Singapore (MOPS) gasoil benchmark and the US dollar to ringgit exchange rate applied.

Diesel in Peninsular Malaysia reached RM5.52 per litre today. Malaysians are told this price is determined by the Automatic Pricing Mechanism (APM), yet the government has not disclosed the actual MOPS figure used in the weekly calculation. While the formula is known, the workings are not.