Petrol prices will go up by 2 sen from midnight while the price of diesel will go up by 3 sen.

The new price of RON97 is RM2.58 per litre while RON95 will cost RM2.31 per litre.

Diesel, meanwhile, will cost RM2.34 per litre.

Putrajaya had stopped fuel subsidies since March last year due to budget constraints and implemented a managed float system that is updated weekly.

Fuel prices are determined by global oil prices based on the Mean of Platts Singapore and the ringgit's strength against the US dollar.