RON97 up by 8 sen, RON95 and diesel unchanged

PETALING JAYA: The price of RON97 petrol will go up by 8 sen a litre from midnight.

RON97 will sell at RM2.76 per litre instead of RM2.68.

Petrol prices for RON95 and diesel will remain unchanged, the finance ministry said. The price of RON95 remains RM2.08 per litre and diesel at RM2.18 per litre.

The ministry said the actual price of RON95 should be RM2.46 per litre, and diesel RM2.52 per litre.

However, the government is subsidising fuel prices to alleviate the cost of living of the people and to stabilise prices, it said.

It will spend RM126.52 million in subsidies to rein in the price of fuel for the period from May 25 to May 31.