The Ministry of Finance Malaysia issued a statement today (Oct 18) stating that based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula, the retail prices of petroleum products from 19 October 2023 to 25 October 2023 are fixed as follows:
(i) the retail price of RON97 remains unchanged at RM3.47 per litre;
(ii) the retail price of RON95 petrol remains unchanged at RM2.05 per litre; and
(iii) the retail price of diesel remains unchanged at RM2.15 per litre.
To protect the consumers from the increase of global oil price, the Government will maintain the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price for both products has increased beyond the current ceiling price.
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.
