Fuel Prices Up Again As RON95, Diesel Increase Five Sen Per Litre
PETALING JAYA — Consumers in Peninsular Malaysia will face higher fuel costs after the government announced a five sen per litre increase for RON95 petrol and diesel effective tomorrow until May 13.
In a statement, Ministry of Finance Malaysia said the retail price of RON95 will rise from RM3.97 to RM4.02 per litre.
Diesel prices in Peninsular Malaysia will also increase from RM5.12 to RM5.17 per litre during the same period.
However, the ministry confirmed that RON97 prices will remain unchanged at RM4.90 per litre.
Global Market Tensions Continue To Pressure Oil Prices
According to the ministry, global crude oil prices continue to stay above the US$100 per barrel level due to prolonged geopolitical tensions and supply disruptions in West Asia.
The situation has reportedly worsened following damage to oil production and refining infrastructure in affected regions, placing further pressure on global fuel supply chains.
The government said these developments continue to contribute to instability in international petroleum markets and rising energy costs worldwide.
Authorities also urged the public to practise careful fuel consumption in order to help maintain national fuel supply stability amid uncertain global conditions.
Subsidised Fuel Prices Remain Unchanged
Despite the latest retail fuel price adjustments, targeted subsidy programmes will continue at existing rates.
The BUDI95 subsidised RON95 programme remains fixed at RM1.99 per litre, while diesel prices in Sabah, Sarawak and Labuan stay at RM2.15 per litre.
Meanwhile, the Subsidised Petrol Control System (SKPS) remains at RM2.05 per litre and the Subsidised Diesel Control System (SKDS) continues at RM2.15 per litre.
The Finance Ministry said the continuation of targeted subsidies is part of efforts to reduce the burden on consumers while balancing fiscal spending and ensuring stable fuel supply nationwide.
The latest increase is expected to affect transportation expenses and operating costs across multiple industries as businesses and consumers continue adapting to volatile global oil prices.
-wilayah.com.my
