Malaysia

Petrol, diesel prices unchanged from Feb 2-8: MoF

Move aims to protect consumers from effects of rising global oil costs

Updated 3 years ago · Published on 01 Feb 2023 6:37PM

Petrol, diesel prices unchanged from Feb 2-8: MoF
The Finance Ministry says it will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people. – The Vibes file pic, February 1, 2023

KUALA LUMPUR – The retail prices of RON97 and RON95 petrol and diesel will remain unchanged for the period from February 2 to 8.

The Finance Ministry (MoF), in a statement today, said that RON97 remains at RM3.35 per litre, RON95 (RM2.05), and diesel (RM2.15).

“To protect consumers from the effects of a rise in global oil prices, the government has maintained the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, although the retail prices of the two products have increased beyond the current ceiling price,” it said.

The weekly retail prices of the products were set based on the Automatic Pricing Mechanism formula.

“The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people,” it said. – Bernama, February 1, 2023

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