How does Peninsular Malaysia diesel price compare to its floated RM3.35?

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Peninsular Malaysia Diesel Price Remains Below Floated Rate

The retail price of diesel in Peninsular Malaysia for the period of June 19 to June 25 is set at RM2.81 per litre. This price point is significantly lower than the floated price of RM3.35 per litre that was recorded on June 10, 2024.
Diesel Price Adjustment for June 19-25

For the week commencing June 19, 2024, the retail price of diesel in Peninsular Malaysia has been adjusted upwards by seven sen, moving from RM2.74 to RM2.81 per litre. This change reflects the ongoing dynamics of global oil market prices.
Comparison to Floated Price

Despite the increase, the current diesel price in Peninsular Malaysia remains below the RM3.35 per litre rate established when the price was floated on June 10, 2024. This indicates continued government intervention or subsidy mechanisms in place.
Pricing Mechanism

The determination of these retail prices for petroleum products, including diesel, is based on the weekly retail pricing implemented through the Automatic Pricing Mechanism (APM) formula. This mechanism is employed by the Ministry of Finance to set fuel prices.
Subsidised Price for Sabah, Sarawak and Labuan

In parallel, the retail price for diesel in Sabah, Sarawak, and Labuan has been maintained at RM2.15 per litre. This price remains unchanged during the same period, distinguishing it from the pricing adjustments in Peninsular Malaysia.

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How does Peninsular Malaysia diesel price compare to its floated RM3.35?

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