PUTRAJAYA – The Finance Ministry (MoF) has set a new diesel price in Peninsular Malaysia at RM5.97 per litre, effective Thursday until April 22.
The new rate reflects a decrease of 75 sen from the previous week’s price of RM6.72 per litre.
In a statement, MoF said the prices of unsubsidised RON97 and RON95 will also be reduced by 25 sen each for the same period.
“The new price for unsubsidised RON97 is RM5.10 per litre, while RON95 is RM4.02 per litre,” it said on Wednesday.
The ministry said the price reduction follows the Automatic Pricing Mechanism (APM) formula, in line with declining global market prices.
“Amid ongoing conflict in West Asia, the government will continue to closely monitor developments and take steps to ensure fuel supply security while protecting the public and the economy from the full impact of supply chain disruptions,” MoF said.
The statement added that the government will maintain targeted fuel subsidies for the public and selected sectors at RM1.99 per litre for BUDI95 and RM2.15 per litre for diesel in Sabah, Sarawak and Labuan.
The subsidised petrol control system (SKPS) price remains at RM2.05 per litre, while the subsidised diesel control system (SKDS) stays at RM2.15 per litre.
To cushion the impact of rising global oil prices and ensure the continuity of food production and supply chains, the government has increased the additional BUDI Diesel cash aid to RM400 per month for this month, benefiting 350,000 recipients under BUDI Individu and BUDI Agri-Komoditi, with an additional allocation of RM35 million monthly.
“This marks the second increase in the aid following global petroleum market pressures, after it was raised from RM200 to RM300 in March,” it said.
MoF also announced that the Ploughing Incentive for Paddy Farmers (IPKP) for the 2026 planting season has been increased from RM160 to RM300 per hectare, involving an additional allocation of about RM40 million and benefiting nearly 200,000 paddy farmers.
“Overall, the government is estimated to bear about RM7 billion per month based on current prices. RON95 subsidies have increased from around RM300 million before the conflict to about RM4 billion monthly, while diesel subsidies have surged from about RM400 million to around RM3 billion monthly,” MoF added.