The retail price of diesel in Peninsular Malaysia rose by 50 sen to RM6.02 per litre. This record high reflects global Brent crude prices exceeding US$100 per barrel amid the West Asia crisis.

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RON97 petrol prices dropped by 20 sen to RM4.95 per litre. Unsubsidised RON95 remains at RM3.87 while the BUDI95 subsidised rate is maintained at RM1.99 per litre with a 200 litre monthly limit.

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The logistics sector faces a crisis as operational costs surge, leading to project delays. MATTA warned of a potential tourism collapse as tour van and bus operators struggle with soaring fuel bills.

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DPM Ahmad Zahid Hamidi stated the government is reviewing diesel subsidy requests for Zone C2 deep-sea fishermen. The national fuel subsidy burden has surged from RM700 million to RM3.5 billion as the energy crisis persists.

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MCMC is currently investigating 5 individuals for spreading false information regarding fuel price hikes on Threads. The government warned against using fuel prices to incite public unrest.

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Diesel is more expensive than petrol because it requires more intensive refining to meet Euro 5 environmental standards. Global demand for industrial transport and heating also drives up diesel prices.

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Authorities in Penang seized RM415,877 worth of diesel in recent raids. Smugglers used modified tanks in lorries to purchase subsidised fuel before attempting to sell it on the black market.

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Thailand recently raised its domestic diesel prices as the government reduced subsidies to manage its Oil Fund debt. This regional trend highlights the shift towards market-based fuel pricing to curb fiscal leakages.

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1. Why is diesel more expensive in Peninsular Malaysia than East Malaysia?

Prices in Sabah, Sarawak, and Labuan remain at RM2.15 per litre as the government maintains regional subsidies to support logistics and rural communities in those states.

2. Who is eligible for the RM300 BUDI Diesel cash aid? Eligibility is restricted to individual owners of diesel vehicles and smallholders in the agri-commodity sector who meet specific annual income criteria set by the Ministry of Finance.

3. Are there new limits on buying diesel at stations?

Yes, light vehicles are limited to 50 litres per transaction, while vehicles over 3 tonnes can purchase up to 150 litres to prevent illegal stockpiling and smuggling.

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