Malaysia keeps subsidised RON95 and diesel prices stable for the public and specific sectors despite global oil market fluctuations and unsubsidised price hikes.
KUALA LUMPUR: The Ministry of Finance confirmed that subsidised fuel prices for the public and specific sectors will be maintained despite volatility in the global oil market.
It stated that the subsidised price of RON95 under the BUDI MADANI Programme will remain at RM1.99 per litre from April 9 to 15.
The unsubsidised retail price for RON95 will, however, increase by 40 sen to RM4.27 per litre for the same period.
For diesel, the subsidised retail price in Sabah, Sarawak and Labuan will stay at RM2.15 per litre.
The unsubsidised diesel price in Peninsular Malaysia will rise by 70 sen to RM6.72 per litre.
Since April 1, the BUDI95 eligibility limit has been temporarily adjusted to 200 litres per month, alongside diesel purchase limits in Sabah, Sarawak and Labuan to curb leakages.
The price per litre under the Subsidised Petrol Control System and Subsidised Diesel Control System will remain at RM2.05 and RM2.15, respectively.
The government is also maintaining the additional BUDI Diesel cash aid of RM100 for April, bringing total assistance to RM300 for BUDI Individual and BUDI Agri-Commodity recipients.
The ministry noted that although global crude oil prices fell following a ceasefire announcement, the impact is not immediately reflected in Malaysia’s retail fuel prices.
It explained that domestic pump prices are based on the average petrol and diesel prices of the previous week, not current-day prices.
Current prices therefore still reflect the high supply costs over the past five weeks, when global markets reached around USD 150 per barrel for petrol products and USD 250 per barrel for diesel.
The government will continue to closely monitor global developments and take appropriate measures to ensure the country’s energy supply remains stable.
It reiterated that the MADANI Government will balance fiscal requirements with prudent public protection to preserve economic well-being and citizens’ livelihoods.
