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Finance Ministry: Petrol, diesel prices unchanged until July 26

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KUALA LUMPUR, July 19 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the July 20 to 26 period. The Ministry of Finance, in a statement...

KUALA LUMPUR, July 19 — The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the July 20 to 26 period.

The Ministry of Finance, in a statement today, said based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism formula, RON97 would remain at RM3.37 per litre, RON95 at RM2.05 per litre and diesel at RM2.15 per litre. “To protect consumers from the increase of global oil price, the government will maintain the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price for both products has increased beyond the current ceiling price,” it said.

The ministry said it would continue to monitor the global crude oil price trend and take appropriate measures to ensure the continued welfare and well-being of the people. — Bernama

 

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