Price Of Subsidised Diesel At RM2.10 A Litre For Malaysians From July - PM Anwar

BINTULU, June 21 (Bernama) -- The MADANI Government will reduce the price of subsidised diesel for Malaysians to RM2.10 per litre starting July 2026, said Prime Minister Datuk Seri Anwar Ibrahim.

He said this was implemented through the reform of targeted diesel subsidy in line with the approach used through the BUDI MADANI RON95 (BUDI95) programme, with verification via MyKad.

"Tomorrow, Finance Minister II Datuk Seri Amir Hamzah Azizan will provide an explanation on the implementation of the new price of subsidised diesel to the media in Kuala Lumpur," he said here today.

He said this when officiating the Cheque Handover Ceremony Following the Conversion of Bintulu Port Status from Federal Port to State Port here.

Anwar, who is also the Finance Minister, said the Memorandum of Understanding (MoU) on the peace agreement between the United States (US) and Iran was among the factors contributing to the price decline even though the global economic situation remains uncertain.

“Today I announced the targeted subsidised diesel, not to increase but to decrease the price of diesel even though the situation is uncertain. So far, Pakistani Prime Minister Shehbaz Sharif, who has been coordinating much of the negotiations, told me that this time he is confident that the crisis in West Asia can be eased.

“So this will help us in terms of diesel prices,” he said.

The Prime Minister stressed that the targeted subsidised diesel using verification via MyKad is intended to prevent leakages that reach billions of ringgit, in addition to stepping up enforcement.

He also explained that the targeted subsidised diesel in the Peninsula was slightly delayed compared to Sabah and Sarawak, since both states recorded high diesel consumption.

“I regret the Members of Parliament in the Peninsula from the opposition, who criticised us saying that we have double standards, inconsistent policies, when we want to implement them and we look at the reality. It is one nation but the use is different.

“W have concerns, so we have to pay attention and refine so that the implementation does not burden the people,” he said.

Meanwhile, the Prime Minister said that apart from Brunei, the price of RON95 petrol in Malaysia is among the lowest in the world compared to other countries including Saudi Arabia and the United Arab Emirates (UAE) which have increased oil prices.

Meanwhile, in another development, Anwar said the close relationship between the federal government and the Sarawak Government was a key factor in the successful implementation of several strategic initiatives including the conversion of the status of Bintulu Port to a state port.

He said the cooperation established with Sarawak Premier Tan Sri Abang Johari Tun Openg enabled various issues that had been delayed for a long time to be resolved through negotiations and good understanding between both parties.

"Good relations and mutual trust between the federal government and the Sarawak Government enable us to implement what have been agreed for the benefit of the people and the development of the state and the country," he said

He also informed that negotiations involving the national energy company, Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Berhad (Petros) are now in the final stages after the basic principles of the solution were agreed upon by both parties.

The Prime Minister said any differences of opinion that arise in the negotiation process are normal in a democratic system and should not be seen as disputes that affect the relationship between the federal government and Sarawak.

Earlier, the ceremony was also attended by Abang Johari and Deputy Prime Minister Datuk Seri Fadillah Yusof.

-- BERNAMA