Kuala lumpur: The retail prices of RON97 and RON95 petrol remain unchanged at RM3.18 and RM2.05 per litre respectively for the period July 10 to 16. The Ministry of Finance (MOF) announced that the retail price of diesel in Sabah, Sarawak, and Labuan also remains unchanged at RM2.15 per litre. However, the retail price of diesel in Peninsular Malaysia will increase by three sen, from RM2.85 to RM2.88 per litre, for the same period.

According to BERNAMA News Agency, the MOF stated that these price adjustments are based on the weekly retail pricing of petroleum products, using the Automatic Pricing Mechanism formula. The government continues to monitor market trends and will adjust the retail prices of RON97 and diesel in line with global oil price movements, while ensuring price stability in the market.

Furthermore, MOF emphasized that the government will implement appropriate measures to safeguard the welfare and well-being of the people, maintaining a balance between market conditions and consumer interests.