Diesel Price Down By 30 Sen In Peninsular, RON95 and RON97 Remain Unchanged

KUALA LUMPUR, June 17 (Bernama) -- The retail price of diesel in Peninsular Malaysia dropped by 30 sen to RM4.37 per litre for the period June 18 to 24, 2026, while the prices of RON97 and RON95 petrol remain unchanged at RM4.35 and RM3.72 per litre, respectively.

The Ministry of Finance (MOF) in a statement today announced that the reduction in the diesel price is in line with the movement of the average international market price from the previous week, based on the Automatic Pricing Mechanism (APM) formula.

For subsidised petroleum prices, the price of RON95 under the BUDI95 programme is maintained at RM1.99 per litre for over 14 million eligible recipients, while the price of diesel in Sabah, Sarawak, and Labuan remains at RM2.15 per litre.

Meanwhile, the price under the Subsidised Petrol Control System (SKPS) is maintained at RM2.05 per litre, while the Subsidised Diesel Control System (SKDS) remains at RM2.15 per litre.

According to the MOF, utilising 200 liters of RON95 at the unsubsidised price of RM3.72 per liter would cost RM744. However, BUDI95 recipients only pay RM398 for the same amount of usage through the subsidised price of RM1.99 per liter, thereby enjoying savings of up to RM346 per month.

The MOF stated that the government's subsidy burden based on current market prices is still projected to remain high at around RM3.5 billion per month, with the RON95 subsidy estimated at RM2 billion and the diesel subsidy at RM1.5 billion per month.

According to the statement, the unsubsidised diesel price of RM4.37 per liter is more than double the subsidised diesel price of RM2.15 per liter, which helps reduce the cost impact on public transportation and consumer goods logistics.

The MOF said the MADANI Government views the latest developments in the Middle East conflict positively, particularly signs pointing toward a lasting resolution, which have contributed to the moderation of global crude oil prices compared to previous peaks.

However, it noted that there are still several short-term risks that could restrict crude oil and petroleum product prices from dropping to pre-conflict levels. These include uncertainties regarding the reopening of trade routes in the Strait of Hormuz, supply disruptions that are expected to take months to fully recover, and the risk that peace negotiations may not reach a definitive conclusion.

The MOF added that while the nation's fuel supply remains sufficient for the time being, the MADANI Government will continue to take a prudent approach to managing subsidies and urges citizens to practice prudent fuel consumption.

--BERNAMA