Kuala lumpur: The retail prices of non-subsidised petroleum products for the period from August 13 to August 19, 2026, will see a decrease, with RON97 reduced by 20 sen per liter, non-subsidised RON95 dropping by 15 sen, and non-subsidised diesel decreasing by 10 sen.
According to BERNAMA News Agency, a statement by the Ministry of Finance (MoF) detailed that for the specified period, the price of RON97 is set at RM4.15 per liter compared to RM4.35 previously. The non-subsidised RON95 will be priced at RM3.62 per liter, down from RM3.77, while non-subsidised diesel is set at RM4.47 per liter, a drop from RM4.57 previously.
Meanwhile, subsidised petroleum prices remain stable at RM1.99 per liter for RON95 under BUDI MADANI RON95 (BUDI95) and RM2.10 per liter for diesel under BUDI MADANI Diesel (BUDI Diesel).
MoF clarified that the MADANI Government is absorbing a subsidy of RM1.63 per liter for eligible users under BUDI95, equivalent to about 82 percent of the RM1.99 per liter price paid at the pump. For BUDI Diesel, a subsidy of RM2.37 per liter is provided, equating to about 113 percent of the RM2.10 per liter price at the pump.
Prices for the Subsidised Petrol Control System (SKPS) and Subsidised Diesel Control Systems (SKDS) remain fixed at RM2.05 and RM2.15 per liter, respectively.
The MoF noted that the price reduction aligns with the decrease in global oil prices last week, following hopes for a resolution to the conflict between the United States and Iran, which caused global oil prices to trade at lower levels for most of the week.
Brent crude oil prices dropped below USD80 a barrel at the beginning of the Automatic Pricing Mechanism (APM) price calculation period, marking a three-week low. However, geopolitical risk premiums increased towards the end of the APM calculation period as prospects for negotiations between the United States and Iran deteriorated due to new demands from both parties.
The ministry reported that Brent prices rose by nearly five percent on Monday amid heightened concerns over the reopening of the Strait of Hormuz. "Uncertainty regarding the reopening of the Strait of Hormuz continues to pose risks of global oil supply disruptions, thereby placing pressure on petroleum prices. Consequently, petroleum product prices are expected to continue experiencing significant fluctuations in the near future," according to MoF.