Another Friday, which means the usual weekly fuel price update. There’s more good news for RON 97 petrol users, because the price of the fuel has dropped again for the coming week, although not by as much as it did last week.

As of tomorrow, May 18, RON 97 will be priced at RM2.68 per litre (down two sen from RM2.70 last week). There is of course 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.

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 RM2.38 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 RM99.19 million in fuel subsidy costs for the period May 18-24.

These prices will remain in effect until May 24, when the next set of fuel pricing adjustments will be announced. This is the 20th edition of the weekly fuel pricing format, which is announced every Friday, and takes effect from Saturday until the following Friday.