Retail price of diesel in Malaysia drops by RM0.85, alongside lower fuel prices from 23-29 April 2026

Petrol and diesel prices will ease this week under the Automatic Pricing Mechanism, tracking softer global oil prices, with markets still facing supply risks.

Retail fuel prices in Malaysia have been revised downward for the period of 23 to 29 April 2026, in line with the Automatic Pricing Mechanism (APM) formula, which reflects average international oil prices from the previous week.

According to the Ministry of Finance (MOF), the latest adjustment comes as global oil prices eased, leading to lower retail prices for RON97, RON95 (without subsidy), and diesel in Peninsular Malaysia.

Weekly fuel price

For the week of 23 to 29 April 2026, the retail prices are:

1. RON97: RM4.85 per litre (previously RM5.10), lower by RM0.25
   
2. RON95 (without subsidy): RM3.87 per litre (previously RM4.02), lower by RM0.15
   
3. Diesel (Peninsular Malaysia): RM5.12 per litre (previously RM5.97), lower by RM0.85

Despite the reductions, petroleum prices remain higher compared to pre-conflict levels due to continued pressures in the global energy market.

Subsidised fuel prices maintained

The government continues to maintain targeted subsidy mechanisms for selected groups and regions. Subsidised prices remain unchanged as follows:

1. RON95 (BUDI95): RM1.99 per litre
   
2. Diesel (Sabah, Sarawak and W.P. Labuan): RM2.15 per litre
   
3. Subsidised Petrol Control System (SKPS): RM2.05 per litre
   
4. Subsidised Diesel Control System (SKDS): RM2.15 per litre

Global oil market remains uncertain

MOF noted that while international oil prices have shown signs of easing, the energy market remains volatile. Ongoing disruptions in West Asia, along with global logistics and supply chain challenges, continue to affect price stability, it added.

Recovery in production and distribution systems is expected to take time, with full stabilisation of supply not imminent.

Government maintains cautious stance

In light of continued uncertainty, the ministry said that the government will "continue to take a prudent approach" to fuel pricing. This includes balancing consumer protection and business needs while ensuring sufficient and secure fuel supply.

It will also continue to closely monitor global developments and take necessary steps to cushion the impact of external shocks on domestic fuel prices and the wider economy.

Amidst ongoing fluctuations in global oil markets, MOF urged the public to use fuel wisely to support supply stability and manage consumption.

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Lead image / Ministry of Finance Malaysia