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Malaysia Cuts Diesel and RON97 Prices Amidst Falling Global Fuel Costs
🇲🇾 Malaysia /Economy & Trade

Malaysia Cuts Diesel and RON97 Prices Amidst Falling Global Fuel Costs

From Utusan Malaysia · (1d ago) Malay Positive tone

Translated from Malay, summarized and contextualized by DistantNews.

TLDR

  • Malaysia has reduced the retail prices for unsubsidized diesel and RON97 gasoline, with diesel prices dropping by 75 sen and RON97 by 25 sen.
  • These price adjustments are attributed to a decrease in international market prices for fuel.
  • The government remains committed to targeted subsidies for specific groups and sectors, while continuing to monitor the global situation to ensure fuel supply security.

Kuala Lumpur, Malaysia – In a move aimed at easing the burden on consumers and businesses, Malaysia has announced a reduction in the retail prices of unsubsidized diesel and RON97 gasoline, effective from tomorrow until April 22. This adjustment reflects a welcome decrease in global fuel market prices, offering some relief amidst ongoing economic uncertainties.

harga runcit diesel di Semenanjung Malaysia dan harga runcit petrol RON95 dan RON97 diturunkan berikutan penurunan harga pasaran antarabangsa.

— Kementerian KewanganThe Ministry of Finance explaining the reason for the fuel price reduction.

The Ministry of Finance confirmed that the price of unsubsidized diesel will fall by 75 sen per liter, from RM6.72 to RM5.97. Simultaneously, the price of RON97 gasoline will be reduced by 25 sen, bringing it down to RM5.10 per liter from RM5.35. Even the price of RON95 gasoline, while not explicitly detailed in the headline, also saw a 25 sen reduction, now priced at RM4.02 per liter.

kerajaan akan terus memantau rapi perkembangan semasa dan mengambil langkah bagi memastikan keterjaminan bekalan bahan api.

— Kementerian KewanganThe Ministry of Finance stating the government's commitment to monitoring the situation and ensuring fuel supply.

These price changes are a direct consequence of the Automatic Pricing Mechanism (APM) formula, which takes into account fluctuations in international crude oil prices. The government has reiterated its commitment to ensuring the stability and security of fuel supplies, particularly in light of the protracted conflict in West Asia. Continuous monitoring of the evolving global situation is paramount to protect the rakyat (people) and the national economy from the full impact of any supply chain disruptions.

Ia di samping melindungi rakyat serta sektor ekonomi daripada impak penuh gangguan rantaian bekalan.

— Kementerian KewanganThe Ministry of Finance highlighting the goal of protecting citizens and the economy from supply chain disruptions.

Crucially, the government emphasized that targeted subsidies for specific groups and sectors remain in place. This includes the Budi95 initiative, which offers RON95 gasoline at a subsidized price of RM1.99 per liter, and subsidized diesel in Sabah, Sarawak, and Labuan at RM2.15 per liter. This dual approach – adjusting market-driven prices while maintaining essential subsidies – aims to balance economic realities with social welfare, ensuring that vulnerable populations are protected from excessive price hikes.

kerajaan masih mengekalkan harga bersubsidi secara bersasar kepada rakyat dan sektor tertentu.

— Kementerian KewanganThe Ministry of Finance reaffirming the continuation of targeted subsidies.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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