Fuel prices cut by up to 50 sen for Nov 12 to 18
Budi95 and Budi Diesel prices remain unchanged at RM1.99 and RM2.10 per litre respectively, according to the Finance Ministry.
The Finance Ministry (MOF) has announced reductions in pump prices for Nov 12 to 18, with RON97 falling by 50 sen per litre. The cuts for unsubsidised RON95 and diesel are 40 sen and 25 sen per litre respectively.
- RON97 will be priced at RM4.20 per litre, compared with RM4.70 previously.
- Unsubsidised RON95 will cost RM3.87 per litre, against RM4.27 previously.
- Unsubsidised diesel will be RM4.87 per litre, compared with RM5.12 previously.
MOF attributed the reductions to a decline in regional refined petroleum product prices over the automatic pricing mechanism calculation period. It also cited falling global crude oil prices and increased regional supplies of refined fuel.
There is no price change for users of Budi Madani RON95 (Budi95), who will continue paying RM1.99 per litre, or Budi Madani Diesel (Budi Diesel), priced at RM2.10 per litre. Prices remain RM2.05 per litre under the Subsidised Petrol Control System (SKPS) and RM2.15 per litre under the Subsidised Diesel Control System (SKDS).
The ministry put the subsidy for eligible Budi95 users at RM1.88 per litre, equivalent to about 49% of the unsubsidised RON95 price. The Budi Diesel subsidy is RM2.77 per litre, or 57% of the unsubsidised diesel price.
MOF cautioned that significant volatility in global petroleum prices would persist while the conflict involving Iran remains unresolved. It cited the latest tanker attacks in the Strait of Hormuz as an indication that supply-disruption risks remain.
