KUALA LUMPUR (Dec 13): The retail prices of RON97 and RON95 petrol, as well as diesel will remain unchanged at RM2.64, RM2.08 and RM2.18 per litre respectively, effective midnight until Dec 20.
In a statement today, the finance ministry said based on calculations according to the Automatic Pricing Mechanism (APM), the retail prices of RON95 petrol and diesel for the same period should have been RM2.34 and RM2.32 per litre respectively.
"There was no change from last week in the retail price of RON95 petrol which was RM2.34 per litre, while the price of diesel increased from RM2.30 per litre," it added.
Nevertheless, it said the retail prices for both products will remain at RM2.08 per litre and RM2.18 per litre, which is in line with the government's decision to stabilise retail prices for petroleum products for the benefit of the people.
With these prices, the ministry said the estimated subsidy that has to be borne by the government during the Dec 14-20 period totals RM111.44 million.