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Fuel prices up

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Fuel prices up
Petaling Jaya
– Fuel prices are up across the board for the fourth week of April under the new weekly pricing mechanism.

The price of RON95 petrol has gone up by three sen to RM2.27 per litre compared to RM2.24 last week, while the price of RON97 petrol has gone up by two sen to RM2.54 compared to RM2.52 per litre last week.

The price of diesel has also increased, with a five sen increase to RM2.21 this week compared to RM2.16 per litre last week.

The new prices will come into effect on Thursday and will remain in effect until April 26.

 

The Domestic Trade, Co-operatives and Consumerism Ministry posted the new weekly fuel prices on Twitter.

Previously, its Minister Datuk Seri Hamzah Zainudin announced that a new weekly fuel pricing mechanism would be used from April onwards.

The prices of petrol and diesel had been placed on a managed monthly float system since Dec 1, 2014, following the removal of fuel subsidies.

With the new weekly mechanism, fuel prices will be announced every Wednesday and the new prices will be enforced after midnight. – The Star