Malaysia’s retail fuel prices will be lowered for the period from June 25 to June 30, 2026 following a decline in average international petroleum prices, according to the Ministry of Finance (MOF).
Under the Automatic Pricing Mechanism (APM), the retail price of RON97 will be reduced by 25 sen to RM4.10 per litre from RM4.35 previously, while unsubsidised RON95 will also fall 25 sen to RM3.47 per litre. Diesel in Peninsular Malaysia will be lowered by 30 sen to RM4.07 per litre from RM4.37.
MOF said the price reduction reflects improving conditions in the global oil market following the moderation of crude oil prices and more positive developments surrounding the conflict in West Asia.
Despite the decline, the ministry cautioned that global petroleum markets continue to face medium-term uncertainties, including the risk of peace negotiations failing to reach a final resolution, ongoing supply chain recovery challenges and inventory levels and logistics costs that have yet to fully return to pre-conflict levels.
The government said it remains committed to shielding consumers from market volatility through targeted subsidies while strengthening long-term energy security through strategic cooperation with international partners, including Turkmenistan and Russia.
Subsidised fuel prices remain unchanged, with RON95 under the BUDI95 programme maintained at RM1.99 per litre for more than 14 million eligible recipients. Diesel prices in Sabah, Sarawak and Labuan remain at RM2.15 per litre, while subsidised rates under the Sistem Kawalan Petrol Bersubsidi (SKPS) and Sistem Kawalan Diesel Bersubsidi (SKDS) stay at RM2.05 and RM2.15 per litre respectively.
MOF also announced that the BUDI MADANI Diesel programme will be implemented nationwide from July 1, 2026. Eligible private diesel vehicle owners will be able to purchase diesel at RM2.10 per litre using MyKad, while subsidies for strategic and critical sectors including fishermen, smallholders, commodity producers and public land transport operators will continue.
