It’s Friday, so it’s the time for the weekly fuel price update. There’s good news for RON 97 petrol users, because the fuel will be cheaper this coming week

As of tomorrow, May 11, RON 97 will be priced at RM2.70 per litre (down 10 sen from RM2.80 last week). No change in the price of RON 95 petrol, which continues to be pegged at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices beyond that.

Likewise, the pegged Euro 2M diesel continues to be priced at RM2.18 per litre, while Euro 5 diesel – which is always 10 sen more – continues to retail at RM2.28 per litre.

Based on Automatic Price Mechanism (APM) calculations, RON 95 petrol would cost RM2.40 per litre, while diesel would be priced at RM2.45 per litre without the price cap in place. The government added that it will absorb an estimated RM103.76 million in subsidy costs for the period May 11-17.

These prices will remain in effect until May 17, when the next set of fuel pricing adjustments will be announced. This is the 19th edition of the weekly fuel pricing format, which is announced every Friday, and takes effect from Saturday until the following Friday.