Eleven weeks have passed yet a decrease in prices of petrol is nowhere in sight.

After last week’s increase, petrol prices are set to further increase for the third consecutive week, according to an announcement by the Domestic Trade, Co-Operatives and Consumerism Ministry.

RON95 and RON97 petrol will see an increase of one and four sen respectively, bringing the new prices to RM2.21 and RM2.52 per litre.

And unlike the one sen increase last week, diesel will now see an increase of nine sen, bringing the new price to RM2.14 per litre.

Petrol prices had climbed steadily since July 27, with the exception for the week of Aug 17 to 24 where prices remained unchanged.

 

As for diesel, this will be the third increase after two continuous weeks of marginal decline.

The weekly fuel price system was implemented on March 30.

It is determined by global oil price based on the Mean of Platts Singapore (MOPS) and the ringgit's strength against the US dollar.