Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Unsubsidised RON95, diesel down 15 sen, RON97 by 20 sen

These prices are effective until Nov 11.

Unsubsidised RON95, diesel down 15 sen, RON97 by 20 sen

The Malaysian finance ministry has announced a 15 sen reduction in the unsubsidised prices of RON95 and diesel, bringing their retail prices down to RM4.27 and RM5.12 per litre, respectively. RON97 will be sold at RM4.70 per litre, marking a 20 sen drop in its price. Under the BUDI95 scheme, RON95 will continue to be sold at RM1.99 per litre, while diesel remains at RM2.10 per litre under the BUDI Diesel initiative.

Subsidised petrol under the SKPS and diesel under SKDS will remain at RM2.05 and RM2.15 per litre, respectively. These revised prices will be in effect until November 11. The finance ministry stated that the federal government will continue to shield the public and businesses from global uncertainties through subsidies. The government anticipates allocating RM40 billion for fuel subsidies in the upcoming year to alleviate the rising cost of living.

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.

This story

This is one outlet's version. Read the fullest account.

Read the original at freemalaysiatoday.com →

More in Finance & Markets

Eurozone inflation hits 4%: Which countries saw prices jump the most?

Eurozone inflation rose to 4% in October, a three-year high, as energy costs surged. Italy saw the biggest jump, while Germany bucked the trend.

  • Eurozone inflation reached 4% in October, highest since September 2023.
  • Italy's inflation surged to 5.6%, driven by energy tariffs.
  • Germany's inflation dropped to 2.8% due to fuel tax reduction.

More from Wednesday 4 November →