Friday again, which means it’s time for the weekly fuel price update. Petrol is up once more this week, but only in the case of RON 97, since the price of RON 95 has been capped.
From tomorrow, March 16, RON 97 will be priced at RM2.54 per litre (up eight sen from the RM2.46 last week). The price of RON 95 remains capped at RM2.08, which is the maximum price consumers will pay no matter how high market prices push pump prices beyond that mark.
Meanwhile, no change in the price of diesel, with Euro 2M diesel continuing to be priced at RM2.18 per litre, its capped price, while Euro 5 diesel, which is always 10 sen more than standard diesel, remains at RM2.28 per litre.
The government said that without the price cap in place for both fuels, RON 95 would actually be priced at RM2.24 per litre, while that for diesel would be RM2.37 per litre, based on Automatic Price Mechanism (APM) calculations.
These prices will be in effect until March 22, when the next set of fuel price adjustments will be announced. This is the eleventh week of the weekly fuel price format, which is set to be announced every Friday. The prices will be effective from Saturday until the following Friday.
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