RON97, unsubsidised RON95, diesel up 25 sen
These prices will be in effect until Sept 16.
The Malaysian finance ministry announced price hikes for RON97 petrol, unsubsidised RON95, and diesel starting tomorrow. RON97 will now cost 25 sen more, retailing at RM4.50 per litre. Unsubsidised RON95 will be 25 sen pricier, priced at RM4.02 per litre. Subsidised RON95 under the BUDI95 scheme will stay at RM1.99 per litre, while diesel under the BUDI Diesel initiative will remain at RM4.92 per litre.
The increases come as global crude oil prices surged during the period used to calculate the new prices, driven by heightened tensions between the US and Iran and growing risks of disruptions to petroleum supplies through the Strait of Hormuz. Meanwhile, global markets for refined petroleum products were tight.
Despite the price hikes, the government pledged to protect consumers and businesses from the impact of global uncertainty. It will maintain targeted BUDI Madani subsidies for eligible consumers. Monthly quotas for BUDI95 and BUDI Diesel were raised to 300 litres from 200 litres, with eligible diesel-powered pickup trucks and four-wheel-drive vehicle owners receiving an extra 100 litres, bringing their monthly entitlement to 400 litres. These new prices will remain in effect until September 16.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
