PETALING JAYA: The price of RON97 petrol will increase by seven sen from March 18 to 24, said the Finance Ministry.
The retail price for RON97 petrol will increase from RM2.40 to RM2.47 per litre.
The price of RON95 petrol and diesel remain unchanged at RM2.05 and RM2.15 per litre, respectively.
The ministry also said that to protect consumers from global oil price increases, the government would maintain its ceiling price of RON95 petrol at RM2.05 per litre and diesel at RM2.15 per litre despite increases in market prices.
"The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people," the ministry said in a statement.
The weekly fuel pricing mechanism was reintroduced on Jan 5, 2019, under the Automatic Pricing Mechanism (APM).
