THE retail prices of RON97, RON95 and diesel would remain at RM3.47, RM2.05 and RM2.15, respectively, from tomorrow until January 24.

A Finance Ministry statement today said the prices were based on the weekly retail prices of petroleum products using the automatic pricing mechanism.

“To protect users from the impact of global fuel price hikes, the government maintains the price of RON95 at the ceiling of RM2.05 per litre and diesel at RM2.15 per litre, even though the real market price for both products exceed those rates,” the statement said.

The ministry said the government would continue monitoring global crude oil prices and take measures to ensure the welfare of the people. – Bernama, January 17, 2024.