It’s another Friday, which means it’s time for the usual weekly fuel price update. Petrol is up again this week, but only in the case of RON 97, with that of RON 95 having been capped.
From tomorrow, March 9, RON 97 will be priced at RM2.46 per litre (up three sen from the RM2.43 last week). As for RON 95, it remains priced at RM2.08, which is the maximum price consumers will pay no matter how high market prices push pump prices beyond that mark.
The price of diesel has also been capped at a maximum of RM2.18 per litre, and as such Euro 2M diesel continues to be priced at RM2.18 per litre, while Euro 5 diesel, which is always 10 sen more than standard diesel, remains at RM2.28 per litre.
The government said that without the price cap in place for both fuels, RON 95 would actually be priced at RM2.16 per litre, while that for diesel would be RM2.38 per litre, based on Automatic Price Mechanism (APM) calculations.
These prices will be in effect until March 15, when the next set of fuel price adjustments will be announced. This is the tenth week of the weekly fuel price format, which is set to be announced every Friday. The prices will be effective from Saturday until the following Friday.
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