Happy Friday, everyone! It’s time for another weekly fuel price update, and it’s good news if you’re a RON 97 user, as the price of the fuel is going down for the coming two weeks.
From tomorrow, June 1, 2019, RON 97 will retail at RM2.63 per litre (down 13 sen from RM2.76 last week). Meanwhile, the price of RON 95 petrol remains unchanged at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices.
It’s the same for Euro 2M diesel as well, which continues to be sold at RM2.18 per litre, and Euro 5 diesel – always 10 sen more than Euro 2M diesel – at RM2.28 per litre.
Referring to the Automatic Price Mechanism (APM) calculations, RON 95 petrol would cost RM2.33 per litre while diesel would be priced at RM2.40 per litre without the price cap in place. The government added that it would absorb an estimated RM165.27 million in fuel subsidy costs for the period June 1-14.
These prices will remain in effect until June 14, when the next set of fuel pricing adjustments will be announced. This is effectively the 21st and 22nd editions of the weekly fuel pricing format, which is announced every Friday. The weekly prices are in effect from Saturday until the following Friday.
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