KUALA LUMPUR: The retail price of RON97 petrol will increase by 16 sen a litre from March 3-9, while the price for RON95 and diesel remains unchanged.

The Finance Ministry, in a statement on Wednesday (Feb 23), said the retail price of RON97 petrol increased from RM3.29 to RM3.45 per liter, while RON95 and diesel remained at RM2.05 and RM2.15 per litre, respectively.

"To protect consumers from the effects of rising oil prices in the global market, the government has retained the retail price of RON95 petrol at the ceiling price of RM2.05 per litre and diesel at RM2.15 per litre, even though the actual market price of both products has surpassed the ceiling price,” the statement read.

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