It’s Friday, which means yet another round of the weekly fuel update, and there’s little to report on that front, because there is no change in the price of RON 97 petrol for the coming week.

From tomorrow, August 17, RON 97 continues to be priced at RM2.49 a litre, as that set last week. No change of course for RON 95 petrol, which continues on 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, 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.

The finance ministry says that according to Automatic Price Mechanism (APM) calculations, RON 95 petrol would be priced at RM2.19 per litre while that for diesel would be at RM2.21 per litre without the price cap in place. The government added that it will absorb an estimated RM47.10 million in fuel subsidy costs for the period of August 17 to 23.

These prices will remain in effect until August 23, when the next set of fuel pricing adjustments will be announced. This is the 32nd edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.