Based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula, the retail prices of petroleum products from 17 February 2022 to 23 February 2022 are fixed as follows:
- the retail price of RON97 increased by 6 sen from RM3.21 per litre to RM3.27 per litre;
- the retail price of RON95 petrol remains unchanged at RM2.05 per litre; and
- the retail price of diesel remains unchanged at RM2.15 per litre.
Despite the continuing rise in global oil price, the Malaysian Government has maintained the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price APM for RON95 and diesel has increased beyond the current ceiling price.
It adds that these events 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.
