KUALA LUMPUR, June 24 — The retail price of diesel in Peninsular Malaysia will decrease by 30 sen to RM4.07 per litre from June 25 to June 30, while unsubsidised RON97 and RON95 petrol prices will each drop by 25 sen to RM4.10 and RM3.47 per litre, respectively.
The Finance Ministry (MOF) said the reduction in retail prices for petrol and diesel aligns with last week's average international market prices, as determined by the Automatic Pricing Mechanism formula.
For subsidised petroleum, the price of RON95 under the BUDI95 programme remains unchanged at RM1.99 per litre for over 14 million eligible recipients, while the price of diesel in Sabah, Sarawak, and Labuan remains at RM2.15 per litre.
Meanwhile, the price under the Subsidised Petrol Control System is maintained at RM2.05 per litre, while the Subsidised Diesel Control System stays at RM2.15 per litre.
It added that the MADANI government will implement BUDI MADANI Diesel from July 1 to standardise diesel subsidies nationwide.
Through this mechanism, eligible private diesel vehicle owners will receive subsidised diesel at RM2.10 per litre using their MyKad, while subsidies for strategic sectors such as fishermen, smallholders, the commodity sector, and land public transport will be maintained.
“To balance the people's cost of living with the need for prudent fiscal expenditure, the MADANI government will continue to adopt a cautious approach to protect citizens from price fluctuations, while ensuring that the country’s fuel supply remains sufficient and secure,” the MOF said in a statement today.
This price reduction reflects more favourable developments in the global oil market, including a moderation in crude oil prices and a more positive outlook on the West Asian conflict.
However, it noted that the global petroleum market still faces mid-term uncertainties, including risks that peace negotiations may not reach a resolution, that supply chain recoveries will take time, and that inventory levels and logistics costs have not yet fully returned to pre-conflict levels.
Under these circumstances, the MADANI government remains committed to protecting the public from price fluctuations through targeted subsidies and strengthening long-term supply security through strategic cooperation with international partners, including Turkmenistan and Russia.
The MOF said that while the national fuel supply remains adequate for now, the MADANI government urges the public to continue practising prudent fuel consumption.
“More efficient travel planning and fewer unnecessary trips can help stretch the national supply and ease pressure on subsidy expenditures,” it said.
