PUTRAJAYA — The retail prices of unsubsidised RON97, RON95 and diesel will decrease by 50 sen, 40 sen and 25 sen per litre respectively from Nov 12 to 18, the Ministry of Finance (MOF) announced today.
Based on the Automatic Pricing Mechanism (APM), RON97 will be priced at RM4.20 per litre, down from RM4.70, while unsubsidised RON95 will fall to RM3.87 from RM4.27.
Unsubsidised diesel will decrease to RM4.87 per litre from RM5.12.
The ministry attributed the price reductions to lower prices of refined petroleum products in regional markets, following a decline in global crude oil prices and increased supplies of refined fuel in the region.
However, global petroleum prices remain subject to significant fluctuations amid the ongoing conflict in Iran. Recent attacks on tankers in the Strait of Hormuz have also highlighted the risk of potential supply disruptions.
Meanwhile, subsidised fuel prices will remain unchanged under the existing subsidy programmes.
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Eligible recipients under the BUDI95 programme will continue to pay RM1.99 per litre for RON95, compared with the unsubsidised price of RM3.87.
The subsidy amounts to RM1.88 per litre, equivalent to 49 per cent of the unsubsidised price.
Under BUDI Diesel, eligible recipients will continue to pay RM2.10 per litre, compared with the unsubsidised price of RM4.87. The subsidy stands at RM2.77 per litre, or 57 per cent of the unsubsidised price.
The subsidised fuel prices are as follows:
- RON95 (BUDI95): RM1.99 per litre
- Diesel (BUDI Diesel): RM2.10 per litre
- Subsidised Petrol Control System (SKPS): RM2.05 per litre
- Subsidised Diesel Control System (SKDS): RM2.15 per litre
Eligible Malaysians can purchase subsidised RON95 and diesel using their MyKad, subject to the respective monthly eligibility limits.
The ministry said fuel subsidies are estimated at approximately RM40 billion for 2027, as announced in Budget 2027.
It added that fuel supply would continue to be monitored to ensure sufficient availability nationwide.
