Time for another weekly fuel price update, and it’s bad news for RON 97 users as they will have to pay more for the fuel during the coming week, continuing last week’s trend.

From July 13, RON 97 will be priced at RM2.57, which is a four sen increase from RM2.53 last week. As for RON 95 petrol, it will continue to retail at RM2.08 per litre, which is the maximum price consumers pay no matter how high market prices push pump prices.

This is the same for Euro 2M diesel, which retails at RM2.18 per litre, and Euro 5 diesel that is 10 sen more than Euro 2M diesel at RM2.28 per litre.

According to the finance ministry’s Automatic Price Mechanism (APM) calculations, RON 95 petrol would cost RM2.27 per litre while diesel would be priced at RM2.29 per litre without the price cap in place. The government added that it will absorb an estimated RM114.06 million in fuel subsidy costs for the period June 29 to July 5.

These prices will remain in effect until July 19, when the next set of fuel pricing adjustments will be announced. This is the 27th edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.