PUTRAJAYA: The retail prices of RON95 and diesel are expected to go up in January due to an increase in the price of crude oil in the world market this month, said Finance Ministry strategic communications director Datuk Lokman Noor Adam.
He said the retail price of RON95 and diesel were set according to the average prices of the fuel in the world market for a month, as well as being influenced by the Ringgit's movement against US Dollar.
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