Time for another weekly fuel price announcement, and for the coming week (December 7 to 13), RON 97 petrol will be cheaper at RM2.64 per litre, which is two sen less than last week.
As usual, RON 95 petrol continues to stay at its fixed price ceiling of RM2.08 per litre. It’s the same for diesel – the price of Euro 2M diesel remains at RM2.18 per litre, while Euro 5 diesel, which costs 10 sen more, stays fixed at RM2.28 per litre.
According to the finance ministry, Automatic Price Mechanism (APM) calculations show that RON 95 and diesel fuels would be priced at RM2.34 and RM2.30 per litre respectively if there were no price cap in place. It added that for the period of December 7 to 13, the government will absorb a total of RM107.40 million to subsidise these fuels.
These prices will remain effective until the next fuel price adjustment is announced on December 13. This is the 48th edition of the weekly fuel pricing format which is announced every Friday and runs from Saturday until the following Friday. This pricing and subsidy system will come to and end when the government begins its targeted petrol subsidy programme (PSP) for RON 95 petrol early next year.