What is the latest fuel price hike for RON97 and RON95?

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Fuel Prices for RON97 and RON95 Increase by Five Sen Per Litre

The retail prices for RON97 and RON95 petrol will each see an increase of five sen per litre, effective from June 6 to June 12, 2020. This adjustment brings the new price for RON97 to RM1.78 per litre and for RON95 to RM1.48 per litre.
Price Adjustment Details

For the period of June 6 to June 12, 2020, both RON97 and RON95 petrol will be priced five sen higher. This change follows the government's weekly retail pricing of petroleum products, which is determined by the Automatic Pricing Mechanism (APM) formula. Consequently, the new price for RON97 is RM1.78 per litre, and RON95 is set at RM1.48 per litre. Diesel prices will also be adjusted, increasing by two sen per litre to RM1.63.
Factors Influencing the Price Hike

The increase in refined product prices, directly correlated with rising global crude oil prices, is the primary reason behind this fuel price adjustment. Global market dynamics for crude oil have a direct impact on the cost of refined petroleum products available for retail.
Government Monitoring and Measures

The Ministry of Finance indicated that the government will continue to monitor fluctuations in global crude oil prices. This ongoing observation is intended to allow the government to implement appropriate measures, ensuring the welfare and well-being of the public are maintained amidst these price changes.

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What is the latest fuel price hike for RON97 and RON95?

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