KUALA LUMPUR, Nov 11 — The retail prices of RON97, unsubsidised RON95, and unsubsidised diesel will drop by 50 sen, 40 sen, and 25 sen per litre, respectively, from November 12 to November 18.
The Finance Ministry (MOF) said the price of RON97 will be reduced to RM4.20 per litre from RM4.70 previously, while unsubsidised RON95 will fall to RM3.87 per litre from RM4.27, and unsubsidised diesel to RM4.87 per litre from RM5.12.
Meanwhile, subsidised RON95 prices will remain unchanged at RM1.99 per litre under the BUDI MADANI RON95 (BUDI95) programme, and diesel will remain at RM2.10 per litre under the BUDI MADANI Diesel (BUDI Diesel) programme.
The prices under the Subsidised Petrol Control System (SKPS) and Subsidised Diesel Control System (SKDS) will also remain unchanged at RM2.05 and RM2.15 per litre, respectively.
It said that the government will bear a subsidy of RM1.88 per litre for eligible BUDI95 users, equivalent to about 49 per cent of the current unsubsidised RON95 price.
For BUDI Diesel, the subsidy provided is RM2.77 per litre, representing 57 per cent of the unsubsidised diesel price.
Similarly, the prices of refined petroleum products in regional markets declined during the Automatic Pricing Mechanism (APM) calculation period, in line with the drop in global crude oil prices and increased supplies of refined fuel in regional markets.
“However, as long as the conflict involving Iran remains unresolved, global petroleum prices will continue to be subject to significant volatility. The latest attacks on tankers in the Strait of Hormuz show that the risk of supply disruptions remains,” the MOF said in a statement.
The MADANI government remains committed to protecting people and businesses through targeted fuel subsidies under BUDI MADANI.
Through BUDI95 and BUDI Diesel, eligible Malaysians can continue to purchase subsidised RON95 and diesel using their MyKad, subject to the monthly eligibility limits.
“The MADANI government will continue to adopt a prudent approach to protect the people from price fluctuations, while ensuring that the country's fuel supply remains sufficient and secure,” it said.
