MOF: RON97 fixed at RM5, unsubsidised RON95 at RM4.52, diesel at RM5.27

The Malaysian prices for RON97 and RON95 petrol will see a 5 sen per litre decrease, while unsubsidised diesel will fall by 15 sen per litre starting October 1st, according to the Ministry of Finance (MOF). The new prices are fixed at RM5 for RON97, RM4.52 for unsubsidised RON95, and RM5.27 for unsubsidised diesel per litre. This reduction is attributed to a moderation in global crude oil prices during the Automatic Pricing Mechanism (APM) calculation period, following Saudi Arabia's resumption of East-West pipeline operations.

Additionally, Asia's refined petroleum products supply is showing signs of recovery, with China's exports estimated to surpass four million tonnes in September, compared to an average of three million tonnes per month last year. However, the recovery remains uneven due to a Russian refinery halt in Perm following a Ukrainian drone attack, which limits Russian diesel supply.

Price volatility is expected to persist until the US-Iran conflict is resolved. The Madani Government will continue to shield citizens and businesses from global volatility impacts through targeted subsidies, including Budi Madani and Budi Diesel programs.