• The retail price of RON97 petrol increased by 12 sen per liter from RM2.68 per liter to RM2.80 per liter
• RON95 petrol retail price remains at RM2.08 per liter
• Diesel retail price remains at RM2.18 per liter.
Based on the weekly retail price of petroleum products using the Automatic Pricing Mechanism (APM) formula, the retail price of petroleum products for the period from April 20, 2019 to April 26, 2019 is set as follows:
RON97 RM2.80 up 12 cents per liter
RON95 Remain unchanged RM2.08 per liter
DIESEL Remain unchanged RM2.18 per liter
This increase was due to the price of processed petroleum products in the world market which showed an upward trend to exceed USD80 per barrel level. This follows the average price of Brent crude oil based on the previous week has risen to USD71 per barrel.
Based on the calculation under the APM formula, the retail price of RON95 and diesel petrol products for the period April 20, 2019 to April 26, 2019 should rise by 12 sen per liter from RM2.38 per liter to RM2.50 per liter and up 7 sen per liter from RM2.39 per liter to RM2 .46 per liter each.
However, the retail price of RON95 petrol and diesel for the above period is maintained at RM2.08 per liter and RM2.18 per liter in line with Government’s decision to stabilize retail prices for petroleum products and reduce the cost of living.
Kementerian Kewangan Malaysia Putrajaya