It’s Friday again, which means the usual weekly fuel price update. Following the announcement made on Wednesday to adjust the capped price of RON 95 petrol, this week sees only an increase in the price of RON 97 petrol.

From tomorrow, March 2, RON 97 will go for RM2.43 per litre (up five sen from the RM2.38 last week). As for RON 95, it remains priced at RM2.08, which is the maximum price consumers will pay no matter how high market prices push pump prices beyond that mark.

Diesel price is also capped, at RM2.18 per litre, and as such Euro 2M diesel continues to be priced at RM2.18 per litre, while Euro 5 diesel, which is always 10 sen more than standard diesel, remains at RM2.28 per litre.

The government said that with the price of refined products continuing to increase, the retail price of RON 95 – based on Automatic Price Mechanism (APM) calculations – would actually be RM2.13 per litre, while that for diesel would be RM2.38 per litre, it not for the price cap in place for both fuel types.

These prices will be in effect until March 8, when the next set of fuel price adjustments will be announced. This is the ninth 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.