RON97, UNSUBSIDISED RON95 RETAIL PRICES RISE BY 60 SEN, PENINSULAR DIESEL UP 80 SEN - MOF

KUALA LUMPUR, March 25 (Bernama) -- The retail price of RON97 petrol will increase by 60 sen to RM5.15 per litre from tomorrow for the period March 26 to April 1, following the rise in global oil prices.

In a statement today, the Ministry of Finance (MOF) also announced that the retail price of diesel in Peninsular Malaysia will increase by 80 sen to RM5.52 per litre, while in Sabah, Sarawak and Labuan it remains at RM2.15 per litre.

In addition, the price of unsubsidised RON95 petrol will also increase by 60 sen to RM3.87 per litre, while the retail price of subsidised RON95 petrol under the BUDI MADANI RON95 (BUDI95) programme remains at RM1.99 per litre.

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"The prolonged conflict in West Asia has driven global crude oil prices up by more than 40 per cent, surpassing US$100 per barrel, thereby increasing the risk of global oil supply disruptions.

"In this situation, the MADANI Government maintains the subsidised price of RON95 at RM1.99 per litre through BUDI95 to protect the people, while the prices of other fuels are adjusted gradually in line with the global price increase since the end of February 2026," according to the statement.

According to the MOF, although Malaysia is an oil-producing country, domestic fuel prices are still influenced by the global market because a large portion of the supply is obtained from the international market.

In line with the MADANI Economic aspiration, the MOF said the government will continue to ensure that benefits are returned to the people by protecting them from the pressure of rising fuel costs.

Among the measures taken are enhanced monitoring and enforcement to ensure a stable fuel supply and to curb leakage and abuse of subsidies, including in border areas.

In addition, sales control has also been tightened with the prohibition of selling RON95 to foreign-registered vehicles still in effect, while the purchase of fuel exceeding 20 litres outside of the tank without a special permit is also not allowed.

"Moving forward, the government intends to introduce controls on diesel purchases, particularly in Sabah, Sarawak and Labuan, to address the risk of leakage," said the MOF.

Through BUDI95, eligible citizens continue to enjoy RON95 at RM1.99 per litre, while diesel for public transportation and land logistics remains at RM2.15 per litre, with the government's subsidy burden exceeding RM3 billion per month.

Additionally, individual diesel assistance has been enhanced as the rates for BUDI Individual and BUDI Agri-Commodities have been increased to RM300 this month, compared to RM200 per month previously.

-- BERNAMA