Malaysia’s Ministry of Finance has confirmed a broad reduction in retail fuel prices for the week of November 12 to 18, 2026.
Unsubsidised RON 95 petrol drops 40 sen to RM3.87 per litre, RON 97 falls 50 sen to RM4.20 per litre, and unsubsidised diesel decreases 25 sen to RM4.87 per litre.
- Unsubsidised RON 95: RM3.87/litre (down 40 sen)
- Unsubsidised RON 97: RM4.20/litre (down 50 sen)
- Unsubsidised Diesel (B10/B15): RM4.87/litre (down 25 sen)
The adjustments, which take effect at midnight, mark the second consecutive week of price declines for non-subsidised fuels. According to Paul Tan’s Automotive News, these changes represent the 47th pricing cycle of 2026. The government continues to utilize the Automatic Pricing Mechanism (APM) formula, a framework in place since 1983, to calibrate retail costs against regional market fluctuations.
“The regional petroleum market shows signs of moderation following an increase in the supply of refined fuels, including petrol and diesel stocks in Singapore, which serves as one of the market references for petroleum pricing in Malaysia,” the Ministry of Finance said. AsiaOne.com reports that this trend aligns with broader global oil price softening, where Brent crude futures recently settled at US$91.49 a barrel, the lowest level since August 31.
Despite the relief at the pump, officials warned that Middle East geopolitical instability could affect future pricing. Recent incidents, including strikes on energy infrastructure and tankers in the Strait of Hormuz, continue to threaten supply chains.
Domestic inflationary pressures remain a focal point for economic policymakers. Ahmad Nazmi Idrus, head of economics at CGS International Securities Sdn Bhd, said that while the subsidy mechanism has successfully shielded household spending, the government is tasked with managing the gradual climb in the Consumer Price Index (CPI) caused by secondary price increases.
| Fuel Type | Previous Price (RM) | New Price (RM) | Change (sen) |
|---|---|---|---|
| RON 97 | 4.70 | 4.20 | -50 |
| RON 95 (Unsubsidised) | 4.27 | 3.87 | -40 |
| Diesel (Unsubsidised B10/B15) | 5.12 | 4.87 | -25 |
| Euro 5 B7 Diesel | 5.27 | 5.07 | -20 |
For eligible motorists, subsidised rates remain unchanged as part of the government’s commitment to protecting the rakyat from volatility. Subsidised B10 and B15 diesel remains at RM2.10 per litre, while Budi Madani RON 95 (Budi95) is held at RM1.99 per litre. As of September 1, eligible users have been allocated a monthly quota of 300 litres, a threshold that applies to both fuel schemes.
The government’s fiscal strategy for 2027 continues to account for high subsidy expenditure, with projections estimating costs around RM40 billion to mitigate cost-of-living pressures, as highlighted by Human Resources Online. These fuel prices will remain in effect until Wednesday, November 18, at which point the Ministry of Finance will issue its next weekly update.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
