Oil Supply: Govt Warns Corporates, Industries To Buy At Market Prices - Amir Hamzah
KUALA LUMPUR, April 10 (Bernama) -- The government has issued a warning to corporates and industries that are supposed to purchase fuel directly from oil companies at market prices but are instead discreetly buying at pump prices.
Finance Minister II Datuk Seri Amir Hamzah Azizan said the diesel market price of RM7–RM8 per litre is much higher than the price of RM6.72 per litre at petrol stations, which is still subsidised by the government.
“The government is warning these companies to stop ‘channel switching’ activities or face enforcement action,” he said during the global energy crisis briefing today.
In addition to monitoring such activities to ensure sufficient domestic supply, the government is also boosting enforcement efforts to curb smuggling and misappropriation.
The subsidised RON95 price under the Budi MADANI Programme (BUDI95) remains at RM1.99 per litre for April 9–15, while the unsubsidised retail price has increased by 40 sen to RM4.27 per litre.
For diesel, the subsidised retail price in Sabah, Sarawak, and Labuan remains at RM2.15 per litre, while the unsubsidised price in Peninsular Malaysia has risen by 70 sen to RM6.72 per litre.
Amir Hamzah also expressed appreciation to the public for reporting misconduct to the authorities, such as foreign nationals filling their vehicles with RON95, as well as suspicious activities at petrol stations and national borders.
“This spirit of togetherness is what helps us address the crisis. In a world that remains uncertain, our strength lies in solidarity, moderation, and togetherness. We must instil a strong spirit and determination as a united society,” he said.
Commenting on the national economy, Amir Hamzah said that at the start of this year, Malaysia ushered in 2026 with highly encouraging economic growth momentum, supported by robust domestic demand, exceptional export growth, manageable inflation, low unemployment, and the ringgit’s performance as one of Asia’s best-performing currencies.
“This position makes Malaysia unique compared to other countries in the region. With strong economic fundamentals, Malaysia remains resilient in facing the global energy crisis.
“This is the result of key policies implemented over the past three years that have driven the economy while maintaining strict fiscal discipline,” he said.
The targeted subsidy policy, for example, is among the important policies that have built fiscal space, enabling the country to absorb economic shocks taking place today, Amir Hamzah said.
“Today, Malaysia has demonstrated resilience, competitiveness, and stability that drive foreign investors to continue choosing Malaysia as an investment destination. That is a blessing,” he added.
-- BERNAMA
