Latest news with #AutomaticPricingMechanism
BusinessToday
2 days ago
- Business
- BusinessToday
RON97 And Diesel Prices Raised By 7 Sen As Oil Climbs
The government has increased the retail prices of RON97 petrol and diesel in Peninsular Malaysia by 7 sen per litre for the period of June 19 to 25, 2025, following a rise in global oil prices. RON97 is now priced at RM3.14 per litre, up from RM3.07, while diesel in Peninsular Malaysia is set at RM2.81 per litre. Despite the latest revision, the diesel price remains below the RM3.35 per litre level seen when it was first floated on June 10, 2024. Prices of RON95 and diesel in Sabah, Sarawak and Labuan remain unchanged at RM2.05 and RM2.15 per litre, respectively. The Ministry of Finance said it will continue to monitor global market trends and make price adjustments based on the Automatic Pricing Mechanism formula to ensure price stability and protect public welfare. Related
Borneo Post
2 days ago
- Business
- Borneo Post
RON97 price up seven sen, RON95 unchanged
In a statement today, MOF says the retail price of diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia it will rise by seven sen per litre, from RM2.74 to RM2.81, during the same period. – Bernama photo KUALA LUMPUR (June 18): The retail price of RON97 petrol will increase by seven sen per litre, from RM3.07 to RM3.14, for the period from June 19 to 25, while that of RON95 remains unchanged at RM2.05 per litre. In a statement today, the Ministry of Finance (MOF) said the retail price of diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia it will rise by seven sen per litre, from RM2.74 to RM2.81, during the same period. 'In line with the increase in global oil market prices, the government has set the retail price of RON97 petrol at RM3.14 per litre, while the retail price of diesel in Peninsular Malaysia is RM2.81 per litre. 'The diesel price in Peninsular Malaysia remains lower compared to the floated price of RM3.35 per litre on June 10, 2024,' the statement said. MOF said the prices were set based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula. It said the government will continue to monitor the impact of changes in global crude oil prices and take appropriate measures to ensure the welfare and well-being of the people are safeguarded. – Bernama diesel MoF petrol price RON95 RON97
The Sun
3 days ago
- Business
- The Sun
RON97 price up seven sen, RON95 unchanged
KUALA LUMPUR: The retail price of RON97 petrol will increase by seven sen per litre, from RM3.07 to RM3.14, for the period from June 19 to 25, while that of RON95 remains unchanged at RM2.05 per litre. In a statement today, the Ministry of Finance (MOF) said the retail price of diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia it will rise by seven sen per litre, from RM2.74 to RM2.81, during the same period. 'In line with the increase in global oil market prices, the government has set the retail price of RON97 petrol at RM3.14 per litre, while the retail price of diesel in Peninsular Malaysia is RM2.81 per litre. 'The diesel price in Peninsular Malaysia remains lower compared to the floated price of RM3.35 per litre on June 10, 2024,' the statement said. MOF said the prices were set based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula. It said the government will continue to monitor the impact of changes in global crude oil prices and take appropriate measures to ensure the welfare and well-being of the people are safeguarded.
The Star
3 days ago
- Business
- The Star
Fuel prices June 12-18: Diesel in Peninsula, RON97, up by seven sen
KUALA LUMPUR: The retail price of RON97 petrol will increase by seven sen per litre, from RM3.07 to RM3.14, for the period from June 19 to 25, while that of RON95 remains unchanged at RM2.05 per litre. In a statement on Wednesday (June 18), the Finance Ministry said the retail price of diesel in Sabah, Sarawak and Labuan remained at RM2.15 per litre, while in Peninsular Malaysia it will rise by seven sen per litre, from RM2.74 to RM2.81, during the same period. "In line with the increase in global oil market prices, the government has set the retail price of RON97 petrol at RM3.14 per litre, while the retail price of diesel in Peninsular Malaysia is RM2.81 per litre. "The diesel price in Peninsular Malaysia remains lower compared to the floated price of RM3.35 per litre on June 10, 2024,' the statement said. The ministry said the prices were set based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula. It said the government will continue to monitor the impact of changes in global crude oil prices and take appropriate measures to ensure the welfare and well-being of the people are safeguarded.- Bernama
New Straits Times
11-06-2025
- Business
- New Straits Times
Fuel prices unchanged
KUALA LUMPUR: The retail prices of RON97 and RON95 petrol nationwide will remain unchanged at RM3.07 and RM2.05 per litre respectively, from June 12 to 18. In a statement today, the Finance Ministry said the retail price of diesel in Peninsular Malaysia would also remain at RM2.74 per litre, while in Sabah, Sarawak and Labuan, the price would stay at RM2.15 per litre for the same period. "The weekly retail pricing of petroleum products is determined using the Automatic Pricing Mechanism (APM) formula, taking into account current global crude oil market trends. "The government will continue to monitor global oil price movements and take appropriate measures to safeguard the welfare and well-being of the people," it said.
