Diesel up three sen, RON95 and RON97 unchanged
The Finance Ministry said the adjustment follows a recent uptick in global oil prices and was calculated based on the Automatic Pricing Mechanism (APM) formula.
The ministry also confirmed that the prices of RON95 and RON97 petrol remain unchanged at RM2.05 and RM3.18 per litre, respectively. Diesel prices in Sabah, Sarawak and Labuan also remain unchanged at RM2.15 per litre.
The new rate follows a previous adjustment from July 3 to July 9, during which the retail price of diesel in Peninsular Malaysia was temporarily reduced to RM2.85 per litre. The price of RON97 was also revised during the same period, dropping by three sen from RM3.21 to RM3.18 per litre.
Despite the latest increase, the current diesel price remains lower than the RM3.35 per litre set when subsidies were first floated on June 10, 2024.
The ministry said it would continue monitoring global oil price trends and take the necessary steps to safeguard public welfare.
"The government will continue to monitor market developments and adjust diesel's retail price based on global oil market fluctuations, while supporting price stability," it said in a statement today.
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