KUALA LUMPUR, April 22 — Diesel in Peninsular Malaysia will drop 85 sen to RM5.12 per litre tomorrow until April 29, from the previous RM5.97, said the Finance Ministry (MOF).
In a statement today, MOF announced RON97 will cost RM4.85, down 25 sen from the previous RM5.10 per litre, while unsubsidised RON95 will cost RM3.87, down 15 sen from RM4.02 per litre.
“In line with the Automatic Pricing Mechanism (APM) formula, for this week, the retail price of diesel in Peninsular Malaysia and the retail prices of RON95 and RON97 petrol have been lowered following the decline in international market prices.
“This week’s price decrease is based on the APM formula, which takes into account the average price of the previous week. Despite adjustments, petroleum prices remain high compared with pre-conflict levels,” it said.
MOF also said the government will maintain targeted subsidies.
This includes RON95 (BUDI95) at RM1.99 per litre, diesel in Sabah, Sarawak and Labuan at RM2.15 per litre, Subsidised Petrol Control System (SKPS) at RM2.05 per litre, and Subsidised Diesel Control System (SKDS) at RM2.15 per litre.
According to MOF, with the ongoing conflict in West Asia, the government will monitor current developments and take steps to secure fuel supply while protecting the people and economy from the full impact of supply chain disruptions.
Although global oil prices are showing signs of decline, he said the energy market is still volatile and supply recovery is not immediate.
“Disruptions to production facilities in West Asia and the logistics chain and global deliveries need time to return to stability,” read the statement.
In this regard, MOF said the Madani Government will continue to be prudent and protect the people from price fluctuations, while ensuring the country’s fuel supply is sufficient and secure.
“During this period, the people are urged to continue to use fuel prudently to help strengthen the stability of the country’s supply,” MOF said.
