KUALA LUMPUR: The retail price of RON97 petrol will rise four sen to RM2.53 per litre for the period of July 6 to July 12, beginning midnight tonight.
The Finance Ministry said today that the prices of RON95 petrol and diesel, however, remain unchanged at RM2.08 and RM2.18 per litre.
“Based on calculations under the Automatic Price Mechanism (APM) formula, the retail prices of RON95 petrol and diesel for the same period should be RM2.23 and RM2.32 per litre, respectively.
“However, retail prices for the two products have been retained at RM2.08 per litre and RM2.18 per litre in line with the government’s decision to stabilise retail prices for petroleum products and reducing the cost of living for the people,” it said in a statement.
The estimated subsidy to be borne by the government during the one-week period is RM99.53 million, it added. - Bernama