Kuala lumpur: The retail price of diesel in Peninsular Malaysia has dropped 85 sen to RM5.12 per litre for the period from April 23 to 29, 2026, compared to RM5.97 per litre previously, according to the Ministry of Finance (MOF).

According to BERNAMA News Agency, the ministry announced that the retail price of RON97 has been set at RM4.85, down 25 sen from the previous RM5.10 per litre, while RON95 without subsidy has dropped 15 sen to RM3.87 per litre from RM4.02. This adjustment aligns with the Automatic Pricing Mechanism (APM) formula, reflecting a decrease following the decline in international market prices.

The price decrease is based on the APM formula, which considers the average price of the previous week. Despite the adjustments, petroleum prices remain high compared to pre-conflict levels. During the same period, the MOF informed that the government still maintains subsidised prices targeted at the people and certain sectors. This includes subsidised RON95 (BUDI95) at RM1.99 per litre, diesel in Sabah, Sarawak, and Labuan at RM2.15 per litre, the Subsidised Petrol Control System (SKPS) at RM2.05 per litre, and the Subsidised Diesel Control System (SKDS) at RM2.15 per litre.

According to MOF, with the ongoing conflict in West Asia, the government will continue to closely monitor current developments and take steps to secure the fuel supply while protecting the people and economic sectors from the full impact of supply chain disruptions. Although global oil prices are showing signs of decline, energy market volatility is still ongoing, and supply recovery is not immediate.

Disruptions to production facilities in West Asia and the logistics chain and global deliveries need time to return to stability. In this regard, MOF stated that the MADANI Government will continue to take a prudent approach to protect the people from price fluctuations while ensuring that the country's fuel supply remains sufficient and secure.

During this period, the people are urged to continue to use fuel prudently to help strengthen the stability of the country's supply.