KUALA LUMPUR, Sept 17 (Bernama) -- The retail price of RON95 will remain unchanged at RM2.05 per litre, while RON97 will increase by three sen from RM3.18 to RM3.21 per litre for the period of September 18-24.
In a statement today, the Ministry of Finance (MOF) announced that for the same period, the retail price of diesel in Peninsular Malaysia will also increase by three sen, from RM2.90 to RM2.93 per litre but the price in Sabah, Sarawak, and Labuan will remain at RM2.15 per litre.
MOF stated that the price is determined based on the weekly retail price of petroleum products using the Automatic Pricing Mechanism (APM) formula.
"The government will continue to monitor market developments and adjust the retail prices of RON97 petrol and diesel, taking into account the movement of market oil prices and supporting price stability," the statement said.
According to MOF, the government will also continue to monitor the effects of changes in world crude oil prices and take appropriate steps to ensure the welfare and well-being of the people remain protected.
-- BERNAMA
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