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Fourth consecutive hike for petrol prices, diesel down

Mimi Sabreena 6:26:00 PM Sensasi

Petrol prices will go up for the fourth consecutive week, at the stroke of midnight while the price of diesel will go down by two sen per litre.

According to the Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK), RON95 and RON97 will be up three sen per litre and four sen per litre respectively.

This brings the new retail prices to RM2.15 and RM2.43 respectively.

Diesel prices go down two sen to RM2.04 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. - Mkini

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