The ministry said the unsubsidised retail price of RON97 petrol has been reduced to RM4.95 per litre from RM5.15, while RON95 remains unchanged at RM3.87 per litre. “The government continues to maintain targeted fuel subsidies for the rakyat and selected sectors,” the ministry said in a statement. Under the targeted subsidy framework, RON95 petrol under the Budi95 programme remains at RM1.99 per litre, while diesel prices in Sabah, Sarawak and the Federal Territory of Labuan are maintained at RM2.15 per litre. Subsidised fuel prices under the Sistem Kawalan Petrol Bersubsidi (SKPS) and Sistem Kawalan Diesel Bersubsidi (SKDS) are set at RM2.05 and RM2.15 per litre, respectively. “More critically, refined fuel prices for petrol and diesel have surged to around US$150 and US$250 per barrel, respectively, placing pressure on retail prices,” it said.

Source: The Star April 01, 2026 23:41 UTC