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The price of RON97 and unsubsidised RON95 petrol will increase by 60 sen nationwide from tomorrow, while the price of diesel in West Malaysia will go up by 80 sen.
In a statement, the finance ministry said the price of RON97 will be fixed at RM5.15 per litre from RM4.55 per litre currently.
Meanwhile, the price of unsubsidised RON95 fuel will be fixed at RM3.87 per litre, up from RM3.27.
The price of diesel in West Malaysia will be fixed at RM5.52 per litre, up from RM4.72 per litre.
Subsidised RON95 petrol under the BUDI95 programme will remain at RM1.99 per litre, while diesel in Sabah, Sarawak and Labuan stays at RM2.15 per litre.
These prices are effective until April 1.
The ministry said the prolonged conflict in West Asia has driven global crude oil prices up by more than 40%, surpassing US$100 per barrel, thereby increasing the risk of disruptions to global oil supply.
“Although Malaysia is an oil-producing country, domestic fuel prices are still influenced by global markets as a significant portion of supply is sourced internationally,” it said.
It emphasised the government’s commitment to ensure the people are shielded from rising fuel costs.
The measures include maintaining the price for subsidised RON95 while retaining the price of RM2.15 per litre for diesel used by public transport and land logistics.
“Individual diesel assistance has been enhanced, with BUDI Individu and BUDI Agri-Komoditi payments increased to RM300 in March, up from RM200 per month previously.
“Monitoring and enforcement have also been strengthened to ensure a stable fuel supply and to curb leakages and abuse of subsidies, including in border areas,” the ministry said.
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