Malaysia cuts retail prices of RON97, unsubsidized RON95 and diesel from 12 Nov

Traders Union
All News
Commodities
RON97 & RON95 prices fall

Highlights

RON97 fell 50 sen to RM4.20, unsubsidized RON95 fell 40 sen to RM3.87, and unsubsidized diesel fell 25 sen to RM4.87 per litre from 12–18 Nov.
The government subsidy for Budi95 is RM1.88 per litre (49% of the unsubsidized RON95 price), while the Budi Diesel subsidy is RM2.77 per litre (57% of the unsubsidized diesel price).
Prices fell due to lower global crude oil prices and increased supplies, but the risk of supply disruptions remains high amid the conflict involving Iran and the incident in the Strait of Hormuz.

This article was translated from the original. Read the original version by our correspondent here.

Weekly price adjustment and subsidized rates

According to The Edge Malaysia, citing the Ministry of Finance, RON97 fell 50 sen per litre to RM4.20 from RM4.70, while unsubsidized RON95 fell 40 sen to RM3.87 from RM4.27 and unsubsidized diesel fell 25 sen to RM4.87 from RM5.12 for the period from 12 to 18 Nov.

Meanwhile, the subsidized price of RON95 remains at RM1.99 per litre under the Budi Madani RON95 programme, Budi95, and diesel remains at RM2.10 per litre under Budi Madani Diesel, Budi Diesel. Prices under the Subsidised Petrol Control System, SKPS, and the Subsidised Diesel Control System, SKDS, are also unchanged at RM2.05 and RM2.15 per litre, respectively.

The ministry explained that the government provides a subsidy of RM1.88 per litre for eligible Budi95 users, equivalent to around 49% of the current unsubsidized RON95 price. For Budi Diesel, the subsidy is RM2.77 per litre, representing 57% of the unsubsidized diesel price.

Oil market pressures and impact on consumers

The Ministry of Finance said refined petroleum product prices in regional markets fell during the calculation period under the automatic pricing mechanism, in line with lower global crude oil prices and increased supplies of refined fuels in regional markets.

However, the ministry stressed that global petroleum prices remain subject to significant volatility as long as the conflict involving Iran remains unresolved. Recent attacks on tankers in the Strait of Hormuz show that the risk of supply disruptions remains.

The government said it remains committed to protecting the public and businesses through targeted fuel subsidies under Budi Madani. Through Budi95 and Budi Diesel, eligible Malaysians can continue to buy subsidized RON95 and diesel using their MyKad, subject to monthly eligibility limits, while the government continues to take a prudent approach to ensure the country’s fuel supply remains sufficient and secure.

Previously, we discussed the drop in unsubsidized petrol and diesel prices for the period from 15 to 21 October amid volatility in global oil markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.