Malaysia to Cut Price of Diesel Nationwide From July
The MyKad-based subsidy will replace higher regional prices and curb diesel smuggling, while easing costs for consumers and small businesses.
- Malaysia will reduce diesel prices to 2.10 ringgit nationwide from July 1 using a new MyKad-based subsidy mechanism, aligning costs across Peninsular Malaysia, Sabah, and Sarawak.
- The Finance Ministry implemented this change on Sunday to curb revenue leakage and smuggling caused by regional price differences that previously created incentives for illicit activities.
- Malaysian Tamilan Tow Truck Association president Matheva Mohanaraja questioned if allocations would suffice, noting that current Budi Madani RON95 limits often prove insufficient for user needs.
- Second Finance Minister Amir Hamzah Azizan is expected to announce further implementation details on Monday, though the government has not yet specified financing plans for the additional subsidy.
- Seeking alternative fuel sources amid global supply constraints from the war in Iran, Prime Minister Anwar Ibrahim announced new energy agreements in Turkmenistan and secured long-term supply assurances from Russia.
16 Articles
16 Articles
Channel News Asia
BizTocMalaysia to cut price of diesel nationwide from July
KUALA LUMPUR: Malaysia will lower the price of diesel to RM2.10 (US$0.51) per litre nationwide for its citizens from July after the current difference in prices between subsidised and unsubsidised diesel led to smuggling and revenue losses.Diesel is currently sold at a subsidised price of RM2.15 per litre in
Malaysia’s nationwide diesel subsidy gets citizens all pumped up
Malaysian consumers and small business owners have welcomed the government’s decision to introduce subsidised diesel at 2.10 ringgit (50 US cents) per litre (0.3 gallons) nationwide from July 1, although some are seeking greater clarity on fuel allocations under the MyKad-based scheme. Malaysian Tamilan Tow Truck Association president Mathevaanan Mohanaraja said the effectiveness of the initiative would ultimately depend on how much subsidised …
MOF: Diesel price to drop to RM2.10 per litre from July 2026 under MyKad‑based subsidy mechanism
KUALA LUMPUR, June 21 — The subsidised diesel price for Malaysians will fall to RM2.10 per litre starting July 2026, following an announcement by Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in Bintulu today.According to a press statement issued by the Ministry of Finance and shared on social media by Communications Minister Fahmi Fadzil, the price adjustment is part of the Madani government’s plan to standardise and target diese…
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