KUALA LUMPUR, Aug 5 - RON97, unsubsidised RON95 and unsubsidised diesel will each cost 5 sen less from tomorrow to August 12.
In a statement, the Finance Ministry (MOF) said RON97 will cost RM4.35 per litre, unsubsidised RON95 will cost RM3.77 per litre, and unsubsidised diesel will cost RM4.57 per litre until next Wednesday.
“Although Brent crude oil prices exceeded US$90 per barrel last week, the decline towards the end of the Automatic Pricing Mechanism (APM) calculation period led to a reduction in unsubsidised petroleum prices,” it said.
Meanwhile, subsidised fuel prices remain, with BUDI Madani RON95 (BUDI95) at RM1.99 per litre, BUDI Madani Diesel (BUDI Diesel) at RM2.10 per litre, the Subsidised Petrol Control System (SKPS) at RM2.05 per litre, and the Subsidised Diesel Control System (SKDS) at RM2.15 per litre.
MOF said ongoing geopolitical uncertainties, including shifting developments in peace efforts, continue to drive volatility in the global oil market.
It added that petroleum prices remain sensitive to supply disruption risks, particularly as key shipping routes such as the Strait of Hormuz and the Red Sea are affected by escalating conflicts.
“As long as these conflicts remain unresolved, petroleum product prices are expected to continue facing global market uncertainties,” it said.
However, MOF said the Madani Government is committed to protecting the public and businesses from global pressures through targeted subsidies such as BUDI95, BUDI Diesel, SKDS and SKPS.
The Madani Government urges the public to practise prudent fuel consumption. Better travel planning and reducing unnecessary trips can help ease pressure on the national supply and subsidy spending,” it said.
MOF said the government will maintain its measured approach to shield the public from price fluctuations while ensuring sufficient and secure fuel supply.
