KUALA LUMPUR, March 11 —The MADANI government is maintaining the price of RON95 fuel under the BUDI95 initiative at RM1.99 per litre, even though the pump prices of RON95 petrol and diesel have increased following the rise in global oil prices.
The Finance Ministry (MOF) said that recipients of the BUDI DIESEL cash assistance will receive an increased amount of RM300 per month for the interim period.
“The MADANI government will continue to protect Malaysians through the targeted subsidy initiative BUDI MADANI, as well as additional cash assistance, while the global oil market continues to face uncertainty,” it said in a statement today.
The MOF added that the fuel price increase followed a surge in global oil prices due to the conflict in West Asia, sparked by an attack on Iran. On March 9, the price of Brent crude oil reached US$119 per barrel before falling to around US$90 per barrel, although market conditions remain uncertain.
In light of this, the pump prices of RON95 and RON97 have increased by 60 sen per litre, while the diesel pump price in Peninsular Malaysia increased by 80 sen per litre.
It said that the retail fuel prices for the period of March 12 to 18 are as follows: RON97 at RM3.85 per litre, RON95 (without subsidy) at RM3.27 per litre, and diesel at RM3.92 per litre.
However, to protect the public from the impact of rising market prices for petroleum products, the government will maintain the subsidised price of RON95 at RM1.99 per litre through BUDI95 and maintain the subsidised diesel price in Sabah and Sarawak at RM2.15 per litre.
The government will also maintain subsidised diesel prices for the public land transport and goods transport sectors in Peninsular Malaysia at RM1.88 and RM2.15 per litre, respectively, and increase the interim cash assistance for eligible diesel vehicle users under BUDI Diesel Individu and BUDI Diesel Agri-Komoditi to RM300 from RM200 for March 2026. The additional RM100 payment will be made starting on Tuesday (March 17).
“At the same time, enforcement efforts will be intensified to curb leakages and prevent the misuse of subsidised fuel, as fuel prices in Malaysia remain lower compared to neighbouring countries,” the MOF said.
The MADANI government remains committed to balancing public protection with fiscal responsibility in managing the nation’s subsidies.
