The Ministry of Finance Malaysia (MoF) has just announced the price of petrol and diesel, valid for the next seven days.
Effective tomorrow March 2nd, only the premium grade RON 97 fuel is affected by a price increase to the tune of 5 sen per litre.
There are no changes to the RON 95 grade petrol and diesel fuel, which the government has set a price cap.
In summary, the prices for petrol and diesel are listed below:
- RON95 – RM2.08 per litre (unchanged)
- RON97 – RM2.43 per litre (up 5 sen from RM2.38)
- Diesel Euro 2M – RM2.18 per litre (unchanged)
- Diesel Euro 5M – RM2.28 per litre (unchanged)
The MoF released a statement two days ago, stating that the ceiling price for RON 95 petrol has been revised downwards from RM2.20 to RM2.08 per litre.
“The reduction in the price cap for RON 95 is in line with the Pakatan Harapan government’s commitment to reduce the cost of living,” it said.
The ministry said that without the price cap in place, the market prices for RON 95 petrol and diesel is RM2.13 and RM2.38 per litre respectively.