Will RON95 petrol and diesel prices change next week?

Question

Accepted Answer

RON95 Petrol and Diesel Prices to Remain Unchanged Next Week

The prices for RON95 petrol and diesel will not change for the period of October 19 to October 25. RON95 petrol will continue to be sold at RM2.08 per litre, and diesel at RM2.18 per litre. This decision means the government will need to provide an estimated RM123.81 million in petroleum subsidies for this period.
Government Subsidy Allocation

The government's decision to maintain the current prices for RON95 petrol and diesel will result in an estimated subsidy cost of RM123.81 million for the week of October 19 to October 25. This subsidy is necessary because the calculated prices based on the Automatic Pricing Mechanism (APM) are higher than the capped retail prices.
Automatic Pricing Mechanism Calculations

According to the Automatic Pricing Mechanism, the retail price for RON95 petrol for the specified period should have been RM2.38 per litre. Similarly, the calculated price for diesel should have been RM2.31 per litre. These figures represent an increase compared to the previous week's calculated prices.
Comparison to Previous Week's Prices

The intended retail prices under the APM for RON95 petrol and diesel show an upward trend from the preceding week. Last week, the calculated retail price for RON95 petrol was RM2.37 per litre, and for diesel, it was RM2.27 per litre. The current week's calculated prices reflect a further increase for both fuel types.

Reading history

Hide →

This history is cleared when the page is closed.

Will RON95 petrol and diesel prices change next week?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends