The retail price of diesel in Peninsular Malaysia has continued to surge despite a drop in global oil prices today, hitting a new record high of RM6.72 per litre for the period from April 9 to April 15.

The Finance Ministry said in a statement that the 70 sen increase is because pump prices in the country are determined based on the average price of petrol and diesel from the previous week, rather than daily prices.

“As such...