KUALA LUMPUR, May 21 — Retail prices of RON97, unsubsidised RON95 and diesel in Peninsular Malaysia will be raised by 15 sen, 20 sen and 10 sen per litre respectively for the period May 21 to 27.
KUALA LUMPUR, May 21 — Retail prices of RON97, unsubsidised RON95 and diesel in Peninsular Malaysia will be raised by 15 sen, 20 sen and 10 sen per litre respectively for the period May 21 to 27.
In a statement yesterday, the Ministry of Finance (MOF) said RON97 will be priced at RM4.85 per litre, up from RM4.70, while unsubsidised RON95 will increase to RM4.07 per litre from RM3.87 previously.
Diesel in Peninsular Malaysia will also be adjusted to RM4.97 per litre, compared with RM4.87 before.
MOF said the new prices are set based on the Automatic Pricing Mechanism (APM) formula.
It added that the Madani Government will continue to maintain targeted subsidies for eligible groups and sectors, including RON95 (BUDI95) at RM1.99 per litre, diesel in Sabah, Sarawak and Labuan, as well as diesel under the Subsidised Diesel Control System (SKDS) at RM2.15 per litre and petrol under the Subsidised Petrol Control System (SKPS) at RM2.05 per litre.
The ministry noted that at the current unsubsidised RON95 price of RM4.07 per litre, using 200 litres would cost RM814.
“This means the Madani Government is absorbing RM416, or more than half of the actual RON95 cost, for each recipient under the full BUDI95 entitlement,” it said.
MOF also said Brent crude oil prices have risen to about USD110 per barrel, nearly 60 per cent higher than pre-conflict levels of around USD70, driven by higher logistics and insurance costs due to shipping risks in conflict zones, further pressuring global fuel prices.
It added that disruptions to global oil supply are worsening as the conflict continues, with the Strait of Hormuz—through which about 20 per cent of global petroleum flows—remaining a key risk area, while damage to oil production and refining facilities in West Asia will take time to recover.
Given the uncertain global outlook, MOF urged the public to practise prudent fuel usage to help manage national supply. — Bernama
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