MoF cuts unsubsidised fuel prices by 10 sen ahead of BUDI Diesel rollout

PUTRAJAYA, June 30 — Retail prices for unsubsidised petrol and diesel will drop by 10 sen per litre for the week of July 1 to July 8, the Ministry of Finance announced today.

The adjustment, made under the government’s Automatic Pricing Mechanism (APM), brings RON97 down to RM4.00 per litre from RM4.10. Unsubsidised RON95 will fall to RM3.37 per litre from RM3.47, while unsubsidised diesel drops to RM3.97 per litre from RM4.07.

The ministry attributed the reduction to a decline in average international market prices over the preceding week. The timing of the announcement was strategically aligned with the launch of the BUDI MADANI Diesel (BUDI Diesel) programme, which takes effect tomorrow, July 1.

While international petroleum prices have eased from the peaks seen during the height of the West Asia crisis, the ministry warned that the market has not yet fully stabilised. Recovery of global supply chains is ongoing, but risks to crude oil prices and shipping costs persist as long as the regional conflict remains unresolved.

Despite these headwinds, the government assured the public that national fuel supplies remain sufficient. The government also urged citizens to remain prudent with their consumption, noting that efficient trip planning and a reduction in unnecessary travel will help extend national reserves and ease the burden on subsidy expenditure.

Prices for subsidised fuel remain fixed under existing frameworks. RON95 under the BUDI95 programme stays at RM1.99 per litre, while diesel under BUDI Diesel remains at RM2.10 per litre.

Additionally, the Subsidised Petrol Control System (SKPS) rate is maintained at RM2.05 per litre, and the Subsidised Diesel Control System (SKDS) rate remains at RM2.15 per litre.

BUDI Diesel launches July 1

Starting tomorrow, the BUDI MADANI Diesel programme will allow eligible Malaysians to purchase subsidised diesel at RM2.10 per litre. This will be facilitated through MyKad verification at participating fuel stations nationwide.

The Ministry of Finance reaffirmed its commitment to a measured approach, aiming to shield citizens from extreme price volatility while ensuring the country’s fuel security remains intact.