It’s Friday, which means the usual weekly fuel price update. Again, no cheer for RON 97 users, because the price of the fuel is going up again this week.

From July 20, RON 97 will be priced at RM2.67 a litre (up 10 sen from the RM2.57 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 continues to retail at RM2.18 per litre, and Euro 5 diesel – which is 10 sen more than Euro 2M diesel – is priced at RM2.28 per litre.

According to the finance ministry’s Automatic Price Mechanism (APM) calculations, RON 95 petrol and diesel would each cost RM2.37 per litre without the price cap in place. The government added that it will absorb an estimated RM179.97 million in fuel subsidy costs for the period July 20-26.

These prices will remain in effect until July 26, when the next set of fuel pricing adjustments will be announced. This is the 28th edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.