Ministry of Finance: RON97 lowered by 10 cents, RON95 and diesel unchanged

In a statement today, the Ministry of Finance said that the price ceilings for RON95 and diesel were set at RM2.05 and RM2.15 per liter respectively, even though the actual market prices of the two products had risen above the current price ceilings. said to remain. — Photo by Hari Angara

Wednesday, September 21, 2022 18:22 MYT

KUALA LUMPUR, 21 September — RON97 petrol retail price drops by 10 cents from RM4.15 to RM4.05 per liter, while RON95 and diesel retail prices remain the same for the week from 22 to 28 September , does not change.

In a statement today, the Ministry of Finance said that the price ceilings for RON95 and diesel were set at RM2.05 and RM2.15 per liter respectively, even though the actual market prices of the two products had risen above the current price ceilings. said to remain. .

It said prices were set based on weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM) formula.

“The government will continue to monitor global oil price developments and take appropriate measures to ensure that people’s welfare and welfare continue to be protected,” it said. — Bernama



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