Diesel Prices Hold Steady as RON95 Climbs 10 Sen Amid Ongoing Global Uncertainty
PUTRAJAYA, April 30 — Malaysia has maintained its retail diesel price at RM5.12 per litre for the period between April 30 and May 6, while RON95 petrol has increased by 10 sen to RM3.97 per litre, reflecting continued volatility in global oil markets.
The Ministry of Finance confirmed that RON97 petrol, which is not subsidised, has also risen by five sen to RM4.90 per litre from RM4.85 previously.
In a statement, the ministry attributed the latest price adjustments to movements in international petroleum markets, calculated using the Automatic Pricing Mechanism (APM), which factors in the average global oil prices over the preceding week.
Ongoing geopolitical tensions in West Asia remain a key driver of uncertainty, with supply disruptions continuing to influence pricing trends. Damage to oil production and refining infrastructure in the region has further constrained global supply, prolonging the recovery timeline and sustaining higher-than-normal price levels.
Although Malaysia’s targeted subsidy approach has eased the immediate burden on specific groups, broader economic implications remain a concern. Fuel price increases often trigger a ripple effect across the economy, particularly impacting transportation, logistics, and ultimately the cost of goods and services.
Economists warn that sustained increases in RON95 — the most widely used fuel among Malaysians — could translate into rising living costs if global conditions fail to stabilise. As such, policymakers are expected to closely monitor developments and implement mitigating measures where necessary.
The government has also urged consumers to adopt more prudent fuel consumption habits as part of a collective effort to safeguard national supply stability during uncertain times.
Moving forward, authorities reiterated their commitment to periodically reviewing fuel pricing policies, balancing fiscal sustainability with the need to protect consumers from excessive financial strain.
-wilayah.com.my
