It’s Friday, which means it’s time for the usual weekly fuel price update, and there’s not so good news for RON 97 users, because the price of the fuel is on the upswing again.

From tomorrow, June 29, RON 97 will retail at RM2.49 per litre (up 11 sen from the RM2.38 last week). There is of course no change to the price of RON 95 petrol, which stands at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices.

It’s the same for Euro 2M diesel as well, which continues to be sold at RM2.18 per litre, and Euro 5 diesel – always 10 sen more than Euro 2M diesel – remains priced at RM2.28 per litre.

Based on Automatic Price Mechanism (APM) calculations, RON 95 petrol would cost RM2.19 per litre while diesel would be priced at RM2.28 per litre without the price cap in place. The government added that it will absorb an estimated RM75.16 million in fuel subsidy costs for the period June 29 to July 5.

These prices will remain in effect until July 5, when the next set of fuel pricing adjustments will be announced. This is the 25th edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.