02/01/2023 | Press release | Distributed by Public on 02/01/2023 05:48
Based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula, the retail prices of petroleum products from 2 February 2023 to 8 February 2023 are fixed as follows:
To protect the consumers from global oil price increase, the Government will maintain the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price for RON95 and diesel has increased beyond the current ceiling price. However, the retail price of RON97 has been reduced in line with the movement in the market price.
The Government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people.
Ministry of Finance Malaysia
Putrajaya
1 February 2023