Based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula, the retail prices of petroleum products from 4 January 2024 to 10 January 2024 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.
In a statement today (Jan 3), Finance Ministry (MoF) said 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.
“(This is) to protect the consumers from the increase of global oil 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,” the ministry said.
