Kuala lumpur: The retail price of RON97 petrol will drop by 20 sen to RM4.95 per litre, for the period from April 2 to 8.

According to BERNAMA News Agency, the Ministry of Finance (MOF) announced that the retail price of diesel in Peninsular Malaysia will rise by 50 sen to RM6.02 per litre, while the prices in Sabah, Sarawak, and Labuan remain unchanged at RM2.15 per litre. Meanwhile, the retail price of unsubsidised RON95 petrol remains at RM3.87 per litre, and the subsidised RON95 price under the BUDI MADANI RON95 (BUDI95) initiative is maintained at RM1.99 per litre. The MOF also noted that effective today, the BUDI95 eligibility limit has been temporarily adjusted to 200 litres per month, along with the implementation of diesel filling limits, to curb leakages and smuggling.

The government is continuing the additional BUDI Diesel cash assistance of RM100 for April, raising the total aid to RM300 for recipients under the BUDI Individu and BUDI Agri-Komoditi categories. These measures aim to ensure that fuel prices remain affordable, safeguarding public well-being and selected sectors through targeted and transparent subsidies.

The ministry further stated that the government is considering medium- and long-term measures to ensure the sustainability and transparency of the subsidy mechanism. These measures are intended to be beneficial to the people while taking into account developments in the global energy crisis and its implications on the energy market.