It’s Friday, and thus, another weekly fuel update, and for the coming week, users of RON 97 petrol will pay slightly less than they did in the previous week.
From tomorrow, August 31, RON 97 will be priced at RM2.50 a litre (a one sen drop from RM2.51 last week). Meanwhile, RON 95 petrol continues to be sold at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices.
It’s the same for Euro 2M diesel, which continues to retail at RM2.18 per litre, while Euro 5 diesel – which is 10 sen more than Euro 2M diesel – is priced at RM2.28 per litre.
The finance ministry says that according to Automatic Price Mechanism (APM) calculations, RON 95 petrol would be priced at RM2.20 per litre while diesel would be at RM2.23 per litre without the price cap in place. The government added that it will absorb an estimated RM48.84 million in fuel subsidy costs for the period of August 31 to September 6.
These prices will remain in effect until September 6, when the next set of fuel pricing adjustments will be announced. This is the 34th edition of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.
Related Cars for Sale on 
Source: Read Full Article