KUALA LUMPUR – The retail prices of RON95 and RON97 petrol will both rise five sen a litre while the retail price of diesel is up by three sen per litre for the next week starting midnight tonight until January 22.
The Finance Ministry said in a statement the new retail price of RON95 petrol for the next seven days will be RM1.89 per litre while the new price for RON97 petrol is RM2.19 per litre.
"The retail price of diesel will go up from RM2.02 per litre to RM2.05 per litre," the statement read.
The ministry said the new prices are based on the weekly retail pricing of petroleum products using the automatic pricing mechanism (APM) formula.
It said the government will continue monitoring the trends of global crude oil prices and take appropriate measures to ensure the welfare and the well-being of the people. – Bernama, January 15, 2021
