THE retail price of RON97 will go up by 37 sen to RM4.70 per litre, while the prices of RON95 and diesel will remain unchanged for the week from tomorrow to June 1.

The Finance Ministry, in a statement today, said the price of RON95 and diesel remained at RM2.05 per litre and RM2.15 per litre, respectively, even though the real market price of the two products had risen above the ceiling price.

According to the ministry, the new price is based on the weekly retail price of petroleum products in accordance with the Automatic Pricing Mechanism formula.

“The government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and wellbeing of the people,” it said. – Bernama, May 25, 2022.