May 2019 week five fuel price – RON 97 goes up again

It’s Friday, and as such another weekly fuel price update. If you’re a RON 97 user, not so good news, because the price of the fuel is going up for the coming week, and it’s quite a hike once more.

As of tomorrow, May 25, RON 97 will be priced at RM2.76 per litre (up eight sen from RM2.68 last week). There’s no change in the price of RON 95 petrol, which continues to be pegged at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices.

Likewise, the pegged Euro 2M diesel continues to be priced at RM2.18 per litre, while Euro 5 diesel – which is always 10 sen more – continues to retail at RM2.28 per litre.

Based on Automatic Price Mechanism (APM) calculations, RON 95 petrol would cost RM2.46 per litre while diesel would be priced at RM2.52 per litre without the price cap in place. The government added that it will absorb an estimated RM126.52 million in fuel subsidy costs for the period May 25-31.

These prices will remain in effect until May 31, when the next set of fuel pricing adjustments will be announced. This is the 21st edition 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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