Unsubsidised fuel prices to drop across the board

 Unsubsidised RON95 and diesel will go down by 40 sen and 25 sen, retailing at RM3.87 per litre and RM4.87 per litre, respectively.

PETALING JAYA:

Unsubsidised fuel prices will drop across the board starting tomorrow, the finance ministry announced this evening.

The price of unsubsidised RON95 and diesel will go down by 40 sen and 25 sen, retailing at RM3.87 per litre and RM4.87 per litre, respectively.

RON97 will retail at RM4.20 per litre, a 50-sen decrease.

RON95 under the BUDI95 scheme will continue to sell for RM1.99 per litre, while diesel will remain at RM2.10 per litre under the BUDI Diesel initiative.

Subsidised petrol under the subsidised petrol control system (SKPS) will remain at RM2.05 per litre, while subsidised diesel under the subsidised diesel control system (SKDS) will retail at RM2.15 per litre.

These prices are effective until Nov 18.

In a statement, the ministry said the federal government would continue to protect the public and businesses from the impact of global uncertainty through subsidies.

“As announced in the 2027 budget, the government expects to spend RM40 billion on fuel subsidies next year to help alleviate the rising cost of living,” it said. - FMT