PUTRAJAYA — Malaysia will lower the retail price of diesel in Peninsular Malaysia by 75 sen to RM5.97 per litre, while RON95 and RON97 petrol prices will each be reduced by 25 sen, effective from April 16 to 22, the Finance Ministry said on Wednesday.
A Finance Ministry spokesperson said the revision was made in line with the Automatic Pricing Mechanism (APM) following a decline in international oil prices.
The spokesperson said RON97 will be priced at RM5.10 per litre, down from RM5.35, while RON95 will fall to RM4.02 per litre from RM4.27 previously. Diesel in Peninsular Malaysia will be reduced from RM6.72 to RM5.97 per litre.
Despite the reduction, the government said subsidised prices for targeted groups and selected sectors would remain unchanged, with BUDI95 beneficiaries continuing to pay RM1.99 per litre, while diesel users in Sabah, Sarawak and Labuan will continue to pay RM2.15 per litre.
The ministry said the government was closely monitoring the prolonged conflict in West Asia and would continue taking measures to ensure sufficient fuel supplies and shield households and businesses from supply chain disruptions.
To ease the burden of rising global oil prices, the government has increased BUDI Diesel cash assistance to RM400 per month for April 2026, benefiting about 350,000 recipients under the BUDI Individual and BUDI Agri-Commodity schemes. The move involves an additional RM35 million in monthly allocations.
The increase marks the second upward revision in recent months, after the assistance was raised from RM200 to RM300 in March.
In a separate measure aimed at supporting food security, the Paddy Farmers’ Ploughing Incentive (IPKP) for the 2026 planting season was increased from RM160 to RM300 per hectare, involving an estimated RM40 million in extra funding and benefiting nearly 200,000 paddy farmers nationwide.
At current market prices, the government is expected to bear about RM7 billion a month in fuel subsidies, with RON95 subsidies rising to around RM4 billion monthly and diesel subsidies reaching RM3 billion, according to the ministry.
The spokesperson said the MADANI Government would continue to closely track global energy market developments to ensure domestic supply stability and strengthen protection for the rakyat.
