Weekly fuel prices: RON97 up 10 sen, RON95 and diesel unchanged

PUCHONG: The price of RON97 will increase by 10 sen per litre, while RON95 and diesel prices will remain the same for the week, starting tomorrow.
The Finance Ministry said the price of RON97 would go up from RM2.57 per litre to RM2.67 per litre.
Meanwhile, RON95 petrol and diesel prices remain the same at RM2.08 per litre and RM2.18 per litre respectively.
The fuel prices would take effect from 12.01am on Saturday (July 20) until July 26.
“However, the prices of RON95 and diesel are capped at RM2.08 and RM2.18 per litre respectively, following the Government’s decision to stabilise fuel prices and to reduce the people’s cost of living,” said the Finance Ministry via a statement today.
The Ministry also noted that the estimated subsidy borne by the government between July 20 and July 26 is about RM179.97mil.
The weekly fuel pricing mechanism was reintroduced on Jan 5 under the Automatic Pricing Mechanism (APM).
Under this system, weekly fuel prices are announced every Friday and remain in force for one week.