It’s Friday, which means another weekly fuel price update. No cheer this coming week though, as prices of both petrol and diesel have gone up compared to last week.

From tomorrow, January 19, RON 95 will be priced at RM1.98 per litre (up six sen from the RM1.92 from last week). It’s the same amount of increase for RON 97, which will go for RM2.28 per litre (up six sen from RM2.22) the whole of next week.

As for Euro 2M diesel, it will be priced at RM2.17 per litre (up 12 sen from RM2.05). This means that Euro 5 diesel, which is always 10 sen more than standard diesel, will be priced at RM2.27 per litre.

The government said that the increase in retail price at the pump was unavoidable, due to the global price increase in the refined product compared to the previous week – in the case of RON 95, this increased from US$60 (RM247) per barrel to US$63 (RM259), while that for RON 97 was hiked from US$68 (RM280) to US$72 (RM296) per barrel.

These prices will be in effect until January 25, when the next set of fuel price adjustments will be announced. This is the third week of the weekly fuel price format, which is set to be announced every Friday. The prices will be effective from Saturday until the following Friday.