THE retail prices of diesel, RON95 and RON97 will remain unchanged in the coming week.

The Finance Ministry, in a statement today, said to protect consumers from global oil price hikes, RON95, RON97 and diesel will remain at RM2.05 per litre, RM4.30 per litre and RM2.15 per litre respectively, although the real market prices of the two products have increased beyond the current ceiling prices.

It said the prices were set based on the weekly retail prices of petroleum products using 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 welfare and wellbeing of the people are taken care of,” it said. – Bernama, August 31, 2022.