RON95 and RON97 petrol will remain at RM1.98 and RM2.28 per litre respectively.
The price changes will take effect at midnight tonight.
Dr M says all interests will be taken into account at tomorrow's cabinet meeting.
Sec-gen denies claims that consumers might face difficulties in getting both fuels by Jan 1.
Five universities will get their own Petronas station which is to be managed by the universities themselves.
Smugglers on modified bikes cross the border and back up to 20 times a day.
Price hike comes amid concerns of falling Venezuelan output and potential drop in Iranian exports.
LETTER | However much CM claims the laws are 'not relevant,' they are still legally binding.
After last week's dip, petrol prices rise to RM2.29 per litre for RON95 and RM2.56 for RON97.
PARLIAMENT | Putrajaya can increase cash handouts or cap prices, but both options are problematic.
This comes after fuel prices reached a record high under the weekly-price system last Thursday.
UPDATED 6.05PM | New prices to be announced every week, instead of once a month.
Every parliamentary constituency will get the boon for a year, says FT BN Youth chief Mohd Razlan.
MP SPEAKS | With no more subsidies, freeing pump prices to market forces is long overdue.
He says an option is to allow oil players to decide fuel prices with a ceiling set by the gov't.
UPDATED 5PM | Shell Malaysia however denies reports claiming that all its petrol stations have ceased operation.
UPDATED 2.50PM | He wants Rahman Dahlan to state if the expected increase in income from crude oil will be used for subsidies.
RM142m in taxes will be collected this month to cover for gov't subsidies, claims Rafizi.