Malaysia raises retail fuel rates and expands subsidy quotas

The ministry disclosed that retail prices for RON97, unsubsidised RON95 and diesel will rise, driven by sharp increases in world crude oil prices and tight refined-product markets. Subsidised petrol under the SKPS and subsidised diesel under the SKDS will continue at their current low levels. Meanwhile, the BUDI95 and BUDI Diesel programmes will see their monthly quotas restored to 300 litres, up from the previous 200 litres.

Diesel-powered pickup and four-wheel-drive owners will receive an additional 100 litres, bringing their entitlement to 400 litres per month. Officials emphasized that these adjustments are intended to protect the public and businesses from ongoing global supply uncertainties, especially tensions affecting the Strait of Hormuz. The new rates will remain in effect until September 23.