Reduced diesel and petrol price rates in place from 16-22 April

Diesel prices are now RM0.75 lower, while petrol prices are RM0.25 lower.

The retail price of diesel in Peninsular Malaysia has been reduced by 75 cents to RM5.97 per litre, while petrol has been lowered by 25 cents to RM4.02 per litre for the period 16 to 22 April 2026.

In accordance with the Automatic Pricing Mechanism (APM) formula, the government said the latest revision reflects a decline in international market prices.

For the week, RON97 is priced at RM5.10 per litre, a decrease from RM5.35, while RON95 is set at RM4.02 per litre, reduced from RM4.27. Diesel in Peninsular Malaysia dropped from RM6.72 to RM5.97 per litre.

Despite the downward trend, authorities noted that the ongoing conflict in West Asia continues to pose risks to global supply chains. The government said it will continue to closely monitor developments to ensure fuel supply remains secure, while protecting the people and the economic sector from wider disruptions.

Meanwhile, subsidised fuel prices remain in place for targeted groups and sectors:

• RON95 (BUDI95): RM1.99 per litre
• Diesel (Sabah, Sarawak and Labuan): RM2.15 per litre
• Subsidised Petrol Control System (SKPS): RM2.05 per litre
• Subsidised Diesel Control System (SKDS): RM2.15 per litre

To reduce the impact of rising global oil prices and support supply chain continuity, the government has increased the BUDI Diesel cash assistance to RM400 per month for April 2026. This will benefit around 350,000 recipients, including individuals and agri-commodity players, with an additional allocation of RM35mn per month.

This marks the second increase in aid in response to global petroleum market pressures, following a revision from RM200 to RM300 in March 2026.

In addition, the Ploughing Incentive to Paddy Farmers (IPKP) for the 2026 planting season has been raised from RM160 to RM300 per hectare. The move involves additional funding of around RM40mn and is expected to benefit nearly 200,000 farmers, supporting the agro-food sector in managing rising input costs.

Overall, the government estimates it is currently absorbing around RM7bn per month based on current prices. Subsidies for RON95 have increased significantly from around RM300mn previously to about RM4bn per month, while diesel subsidies have risen from approximately RM400mn to around RM3bn monthly.

The Ministry of Finance said it will continue to monitor global developments and take appropriate steps to ensure the country’s energy supply remains stable, while looking to strengthen protection for citizens.

ALSO READ: Major rollback in fuel prices in the Philippines to cushion against rising oil costs, more aid to follow

Lead image / Ministry of Finance Malaysia