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THE Government is implementing a broad reduction in retail fuel prices for the coming week, led by a steep drop in diesel costs, as lower global oil prices begin to feed through into domestic pricing.
The adjustments, which take effect from April 23 to 29, are determined under the automatic pricing mechanism based on the previous week’s average international market prices, resulting in declines across all major fuel categories.
Diesel in Peninsular Malaysia records the most significant decrease, falling by 85 sen to RM5.12 per litre. RON97 petrol drops by 25 sen to RM4.85 per litre, while RON95 is reduced by 15 sen to RM3.87 per litre.
A statement released by the Finance Ministry on Wednesday said the downward revision reflects short-term easing in global oil prices, but emphasised that overall fuel costs remain elevated compared with pre-crisis levels, amid continued instability in international energy markets.
Officials warned that uncertainty persists due to ongoing geopolitical tensions in West Asia, which have disrupted supply chains and affected production and distribution networks.
The government said it would continue to monitor developments closely to ensure fuel supply security, while mitigating the impact of price volatility on households and businesses.
Targeted subsidy programmes remain in place despite the price adjustments.
Under these schemes, RON95 under the BUDI95 initiative continues to be capped at RM1.99 per litre, while diesel prices in Sabah, Sarawak and Labuan are maintained at RM2.15 per litre.
Controlled subsidy systems for both petrol and diesel also remain unchanged.
Authorities noted that although global oil prices have shown signs of softening, supply recovery is expected to take time due to disruptions affecting production facilities and international logistics.
The government reiterated that it will maintain a calibrated approach to fuel pricing to balance market movements with consumer protection, while ensuring adequate and stable domestic supply.
Consumers have been urged to exercise prudent fuel usage as part of broader efforts to support national supply stability during a period of continued global uncertainty. - April 22, 2026