KUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged from April 14 to 20.

       The Finance Ministry in a statement Wednesday (April 13) said the retail prices of RON97 and RON95 respectively remains unchanged at RM3.81 and RM2.05 a litre respectively, with diesel fixed at RM2.15 a litre.

       “To protect consumers from the effects of rising oil prices in the global market, the government has maintained the retail price of RON95 at its ceiling price of RM2.05 per litre and diesel at RM2.15 per litre, even though the actual market price of both has risen above the ceiling price, as seen in the retail price of RON97 petrol which is set according to the market price,” read the statement.

       The price is based on the determination of the retail price of petroleum products on a weekly basis using the Automatic Pricing Mechanism formula.

       The Ministry also said that the government would continue to monitor the impact of changes in world crude oil prices and take appropriate measures to ensure the welfare and well-being of the people. – Bernama