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PETALING JAYA: The price of RON97 will increase by five sen to RM3.12 per litre, the Finance Ministry announced Wednesday.

The price of RON95 is unchanged and will continue to retail at RM2.05 per litre. The price of diesel, too, remains at RM2.15 a litre.

These prices will be effective from midnight until Feb 2, 2022.

The ministry said the Government would continue to monitor trends in global crude oil prices and take appropriate measures to ensure the continued welfare and wellbeing of the people.

“To protect the consumers from global oil price increases, the Government will maintain the ceiling price of RON95 at RM2.05 per litre and diesel at RM2.15 per litre, even though the market price (derived from the automatic pricing mechanism) for RON95 and diesel has increased beyond the current ceiling price,” it said in a statement.