KUALA LUMPUR: The retail prices of diesel, RON95 and RON97 petrol will remain unchanged at RM2.15, RM2.05 and RM3.94 per litre respectively from Thursday (May 5) to May 11.

       The Finance Ministry (MOF), in a statement on Wednesday (May 4), said the prices were fixed based on the weekly retail pricing of petroleum products using the Automated Pricing Mechanism formula.

       "To protect consumers from global oil price increases, the government has maintained the retail price of RON95 petrol at a ceiling price of RM2.05 per litre and diesel at RM2.15 per litre, even though the market prices for both products have increased beyond the current ceiling prices,” it said.

       The MOF added that the government would continue to monitor the trends of world crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people. - Bernama