{
  "id": 656310,
  "title": "Govt cuts unsubsidised fuel prices as oil markets retreat",
  "url": "https://urgent.news/2026/08/12/govt-cuts-unsubsidised-fuel-prices-as-oil-markets-retreat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T09:25:00.000Z",
  "source": {
    "name": "The Vibes",
    "slug": "the-vibes",
    "url": "https://www.thevibes.com/articles/news/126108/govt-cuts-unsubsidised-fuel-prices-as-oil-markets-retreat"
  },
  "original_language": "en",
  "account": "Motorists will see lower prices for unsubsidised fuel starting Thursday as global crude oil costs declined last week, prompting the Government to adjust pump prices, according to a statement from the Ministry of Finance (MOF) on Wednesday. The RON97 fuel price will decrease by 20 sen per litre to RM4.15, while RON95 will fall by 15 sen to RM3.62.\n\nDiesel will also see a reduction by 10 sen to RM4.47 per litre. Under the targeted subsidy system, eligible consumers are protected from global fuel price fluctuations. For BUDI MADANI RON95 recipients, the Government still subsidises RM1.63 per litre, which is approximately 82% of the current price at the pump. Similarly, BUDI MADANI Diesel recipients continue to receive RM2.37 in subsidies per litre, equivalent to about 113% of the current pump price.\n\nThe subsidised fuel prices remain unchanged, allowing eligible Malaysians to purchase RON95 and diesel using their MyKad, provided they meet eligibility requirements and have remaining monthly entitlements. RON95 under BUDI95 will stay at RM1.99 per litre, and diesel under BUDI Diesel will remain at RM2.10 per litre. The ministry affirmed that regulated diesel prices under the Subsidised Diesel Control System and Subsidised Petrol Control System will also stay the same.",
  "summary": "MOTORISTS will pay less for unsubsidised petrol and diesel from Thursday after a fall in global crude prices last week prompted the Government to lower pump prices across all three fuel categories. The Ministry of Finance (MOF) announced on Wednesday...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}