The weekend is almost upon us, but too bad there’s no Monday off this time around. To make matters worse, those of you who use RON 97 petrol will be in for a shock, as the latest fuel price update rolls in.
That’s because starting tomorrow, September 21, the fuel will be priced at RM2.67 (up a whopping 14 sen from last week). No change for RON 95 petrol, of course, which continues on at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices.
It’s the same for Euro 2M diesel, which continues to retail at RM2.18 per litre, and Euro 5 diesel – which is 10 sen more than Euro 2M diesel – is priced at RM2.28 per litre.
The finance ministry says that according to Automatic Price Mechanism (APM) calculations, RON 95 petrol would be priced at RM2.37 per litre and diesel at RM2.32 per litre without the price cap in place. The government added that it will absorb an estimated RM123.16 million in fuel subsidy costs between September 21 and 28.
These prices will remain in effect until August 16, when the next set of fuel pricing adjustments will be announced. This is the 31st edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.
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