Retail prices of RON97 petrol in Peninsular Malaysia will drop by 30 sen to RM4.35 per litre for the week of June 4 to 10, down from RM4.65 last week [1, 2, 3, 4]. Unsubsidised RON95 petrol will fall 20 sen to RM3.72 per litre from RM3.92, while unsubsidised diesel prices will also decline by 20 sen to RM4.67 per litre from RM4.87 over the same period [1, 2, 3, 4].
The subsidised price of RON95 under the Budi95 scheme remains steady at RM1.99 per litre [1, 4]. Diesel prices in Sabah, Sarawak, and Labuan are unchanged at RM2.15 per litre. Subsidised prices under SKPS and SKDS schemes hold at RM2.05 and RM2.15 per litre respectively [1, 4].
The price cuts reflect lower average international petroleum market prices recorded last week [1, 3, 4]. However, the Ministry of Finance said the retail price reductions "do not indicate that the global petroleum market has returned to stability" amid ongoing conflict in West Asia nearing 100 days [1]. It cautioned that risks of elevated prices remain.
Major Asian oil importers have increased purchases from alternative sources, including rising crude imports from the United States, to offset supply disruption from West Asia, but these measures have not fully compensated for lost supply from affected trade routes, the ministry added [1].
The government has urged the public to use fuel prudently. "We urge the public to continue using fuel prudently through more efficient travel planning and by reducing unnecessary travel to help safeguard national supply security," it said [3].
At the unsubsidised RON95 price of RM3.72 per litre, 200 litres of fuel would cost RM744. The government bears a subsidy of RM346 per recipient using the full Budi95 monthly entitlement capped at 200 litres [4]. Meanwhile, the unsubsidised diesel price of RM4.67 per litre is more than double the subsidised rate of RM2.15 per litre, which helps reduce the impact on public transport and logistics [4].
