Gov’t announces that RON 95 and diesel prices will remain fixed, but RON 97 to follow market prices

The government says that the price of RON 95 and diesel will be fixed, but that of RON 97 will follow market prices. Prime minister Tun Dr Mahathir Mohamad made the announcement at a press conference following a Cabinet meeting that was held earlier today.

This means that RON 95 petrol will remain priced at RM2.20 per litre and Euro 2M diesel at RM2.18 per litre, while Euro 5 diesel will be priced at RM2.28 per litre. As for RON 97 petrol, it is currently priced at RM2.47 per litre – it was not stated when revisions based on market prices for the fuel will begin. Keep in mind that the price of RON 97 is currently GST-inclusive, and could be priced at RM2.33 per litre without GST, barring further announcements made by the government.

The last time there was a change in fuel prices was during the fourth week of March, which saw a 10 sen increase across all fuel types and grades.

On May 17, Tun Mahathir announced that the weekly fuel price adjustment system, in place since March 2017, would be discontinued, stating that weekly price changes were not good for both petrol station operators and the public.

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