It looks like what goes down will eventually go back up, as motorists will have to fork out RM2.58 per litre for the fifth week of floated RON 97 pricing. That is eight sen more from last week’s RM2.50 per litre. The new price will take effect from midnight till July 11 when the next fuel price announcement is made.

As with the past few weeks following an announcement by the government, RON 95 petrol and diesel prices remain unchanged due to subsidies. Only RON 97 will follow market prices.

Officially, RON 95 continues to be priced at RM2.20 per litre and Euro 2M diesel at RM2.18 per litre, while Euro 5 diesel is priced at RM2.28 per litre at the pump.