The Finance Ministry in a statement on Wednesday said the price of RON95 petrol and diesel will remain at RM2.05 per litre and RM2.15 per litre respectively albeit the real market price of the two products had risen beyond the current ceiling price to protect consumers from the global oil price hike.
The ministry added the prices were set based on the weekly retail prices of petroleum products in accordance with the Automatic Pricing Mechanism formula. "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,” it said.- Bernama
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