MOTORISTS and businesses will pay less for unsubsidised fuel from tomorrow, with RON97 recording a 50-sen reduction and RON95 falling 40 sen per litre amid easing regional petroleum prices.
The Ministry of Finance (MOF), in a statement today, said the new prices, effective from Nov 12 to 18, would see RON97 retail at RM4.20 per litre, unsubsidised RON95 at RM3.87 and unsubsidised diesel at RM4.87.
The respective reductions are 50 sen, 40 sen and 25 sen per litre, based on the Automatic Pricing Mechanism (APM).
Despite the reductions, the government will maintain targeted fuel subsidies to cushion eligible households and businesses against price pressures. Under Budget 2027, fuel subsidies are expected to remain high at about RM40 billion next year to help ease the cost-of-living burden.
Through BUDI95, eligible consumers will continue to pay RM1.99 per litre for RON95, against the unsubsidised price of RM3.87, with the government absorbing RM1.88 per litre, or 49 per cent of the market price.
Eligible BUDI Diesel recipients will continue to pay RM2.10 per litre, compared with the unsubsidised price of RM4.87, with the government bearing RM2.77 per litre, equivalent to 57 per cent.
Subsidised prices will also remain at RM2.05 per litre under the Subsidised Petrol Control System (SKPS) and RM2.15 under the Subsidised Diesel Control System (SKDS).
Eligible Malaysians can continue to purchase subsidised RON95 and diesel using their MyKad, subject to monthly entitlement limits.
The ministry attributed the lower prices to a decline in refined petroleum product prices in regional markets, supported by softer global crude oil prices and increased supplies of refined fuels.
However, it warned that global oil markets remained exposed to significant volatility as the conflict in Iran continued, with recent attacks on tankers in the Strait of Hormuz highlighting the risk of further supply disruptions. - November 11, 2026
