What is the current ceiling price for RON95 and diesel?

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Accepted Answer

The ceiling prices for RON95 petrol and diesel remain fixed at RM2.05 and RM2.15 per litre respectively.

The retail prices for RON95 petrol and diesel will not change for the period of November 23 to 29. These prices are determined by the Automatic Pricing Mechanism (APM) formula, which calculates weekly retail prices of petroleum products. The government has chosen to maintain these ceiling prices to shield consumers from fluctuations in global oil prices.
RON95 Petrol Ceiling Price

The ceiling price for RON95 petrol is set at RM2.05 per litre. This price is maintained by the government despite the market price for RON95 having risen above this level.
Diesel Ceiling Price

Similarly, the ceiling price for diesel is fixed at RM2.15 per litre. This measure is in place to protect consumers from the impact of increasing global oil prices, even though market rates for diesel now exceed this ceiling.
Automatic Pricing Mechanism

These fixed prices are established using the Automatic Pricing Mechanism (APM) formula. This mechanism is applied weekly to determine the retail prices of petroleum products.
Government Intervention for Consumer Protection

The government's decision to maintain these ceiling prices, even when market prices are higher, is a deliberate policy to safeguard consumers. This intervention aims to ensure the continued welfare and well-being of the public amidst volatile global oil markets.

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What is the current ceiling price for RON95 and diesel?

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