The retail price of RON95 and RON97 fuel will increase by 10 sen a litre effective midnight.

This means the new price for RON95 will be RM1.70 per litre while RON97 will be priced at RM2.05 per litre.

As for diesel, it will see an increase of 20 sen to RM1.55, according to petrol dealers.

The increase coincides with a rebound in the global crude oil prices after hitting a record low in February.

Brent crude oil have been in the region of over US$30 per barrel in the last month, settling at US$38.30 per barrel at time of writing.

It was as low as US$26.10 per barrel in February.

The government determines the price of fuel through a managed float.

It takes into accounts several factors including the global price of crude oil and the country's currency strength in the previous month.