RON95, RON97 up 6 sen, diesel up 3 sen at midnight

At the stroke of midnight, RON95 will cost RM2.03 per litre, while RON 97 will cost RM2.28 per litre – a hike of six sen for both products.

Diesel prices go up by three sen to RM1.99 per litre.

The pump prices of fuel are announced every Wednesday.

Weekly fuel prices are determined based on the average Means of Platts Singapore (Mops) price as well as the average ringgit strength against the US dollar in the previous week.

The new pricing mechanism was in introduced in April.

Earlier last month saw five consecutive weeks of oil price decrease, prompting concerns from petrol kiosk operators, followed by two weeks of increase.

The government has since hinted that it is working on creating a new “win-win solution” for all stakeholders.

Artikel disiar pada July 26, 2017 - 10:09 pm oleh Susan Loo

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