Malaysians will pay less for petrol and diesel starting November 12, 2026. The Finance Ministry reduced unsubsidised retail fuel prices after global crude oil costs fell.
Under the weekly retail price adjustments set for November 12 to 18, 2026, the price of RON97 drops by 50 sen to RM4.20 per litre. It was RM4.70, according to the Ministry of Finance (MOF). Unsubsidised RON95 falls by 40 sen to RM3.87 per litre.
Unsubsidised diesel decreases by 25 sen to RM4.87 per litre. Euro 5 B7 diesel, which costs 20 sen more per litre, drops to RM5.07 per litre, Paul Tan’s Automotive News reported.
The reductions follow price changes for the week of November 5 to 11. RON97 fell by 20 sen then. RON95 and non-subsidised diesel each dropped by 15 sen, as reported by Human Resources Online.
Government-subsidised fuel rates remain unchanged for eligible motorists. Subsidized RON95 under the Budi Madani RON95 program stays at RM1.99 per litre. Diesel under the Budi Madani Diesel program holds at RM2.10 per litre, the Finance Ministry said.
Prices under the Subsidised Petrol Control System (SKPS) and Subsidised Diesel Control System (SKDS) remain fixed at RM2.05 and RM2.15 per litre. Eligible Malaysians buy these controlled fuels using their MyKad up to monthly eligibility limits. That limit is a monthly quota of 300 litres, as noted by Paul Tan’s Automotive News.
For Budi95 recipients, the government absorbs RM1.88 per litre, which equals 49 percent of the unsubsidised price. For Budi Diesel, the government covers RM2.77 per litre, or 57 percent of the unsubsidised price, according to The Edge Malaysia. Fuel subsidies are projected to remain high at RM40 billion in 2027 to assist with cost-of-living pressures, as outlined in Budget 2027.
The Finance Ministry attributed the lower pump prices to a drop in regional refined petroleum product supplies and lower global crude oil prices during the Automatic Pricing Mechanism calculation period. Officials warned that risks persist.
“However, as long as the conflict involving Iran remains unresolved, global petroleum prices will continue to be subject to significant volatility. The latest attacks on tankers in the Strait of Hormuz show that the risk of supply disruptions remains.”
The Finance Ministry
Malaysia determines its fuel retail prices using the Automatic Pricing Mechanism formula, as reported by AsiaOne.
“The Madani government will continue to adopt a prudent approach to protect the people from price fluctuations, while ensuring that the country’s fuel supply remains sufficient and secure.”
The Finance Ministry
The ministry said that it will closely monitor global market developments to maintain stability and ensure that domestic fuel costs remain manageable for all citizens.