KUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre respectively for the April 18-24 period.

The Ministry of Finance (MoF) said the prices were set based on the weekly retail prices of petroleum products using the Automatic Pricing Mechanism (APM) formula.

“To protect consumers from the impact of the actual rise in global oil prices, the government is maintaining the retail price of RON95 petrol at the ceiling price of RM2.05 per litre and that of diesel at RM2.15 per litre, although the market prices of both products have exceeded the set ceiling price,” it said in a statement today.

It added that the government will continue to monitor the trend of world crude oil prices and take appropriate measures to ensure that the people’s welfare and well-being are protected.