Fuel Prices & Cost of Living Hub: Fuel prices this week
Fuel prices 22–28 Oct 2026: RON97 down 30 sen to RM4.80, unsubsidised RON95 down 30 sen to RM4.32
Unsubsidised RON95 is down 30 sen at RM4.32 a litre. BUDI95 stays at RM1.99 a litre for those eligible.
- RON97: RM4.80 (down 30 sen)
- Unsubsidised RON95: RM4.32 (down 30 sen)
- Unsubsidised diesel: RM5.07 (down 10 sen)
- RON95 (BUDI95): RM1.99 (no change)
- BUDI Diesel: RM2.10 (no change)
- In force from Thursday 22 Oct to Wednesday 28 Oct 2026
Source: Ministry of Finance media statement, 21 Oct 2026 (in Malay)
Fuel prices 22–28 Oct 2026: RON97 down 30 sen to RM4.80, unsubsidised RON95 down 30 sen to RM4.32 RON97: RM4.80 (down 30 sen) Read: https://jelaskini.online/en/fuel-prices-22-october-2026
Retail prices of RON97 and unsubsidised RON95 are each down 30 sen a litre, and unsubsidised diesel is down 10 sen a litre, for 22 to 28 October 2026. The Ministry of Finance (MOF) announced the prices in a media statement on 21 October 2026, based on the Automatic Pricing Mechanism (APM) formula. BUDI95, BUDI Diesel, SKPS and SKDS prices are unchanged.
| Fuel | Last week | This week | Change |
|---|---|---|---|
| RON97 | RM5.10 | RM4.80 | down 30 sen |
| Unsubsidised RON95 | RM4.62 | RM4.32 | down 30 sen |
| Unsubsidised diesel | RM5.17 | RM5.07 | down 10 sen |
| RON95 (BUDI95) | RM1.99 | RM1.99 | no change |
| BUDI Diesel | RM2.10 | RM2.10 | no change |
Why prices fell
According to MOF, Brent crude is still above US$100 a barrel, but prices of refined petroleum products in the regional market began to ease during the APM calculation period. MOF attributes the fall to expectations of higher supply from China, supported by continued production in other Asian countries. In the medium term, it expects world petroleum prices to remain uncertain.
What it means for you
If you are eligible for BUDI95 or BUDI Diesel, you keep paying the subsidised price until your monthly quota runs out. This week's change only affects you if you fill RON97, unsubsidised fuel, or go over your quota.
For example, 40 litres of RON97 now costs RM192.00, compared with RM204.00 last week, or RM12.00 less. For 40 litres of unsubsidised RON95, the cost is RM172.80 instead of RM184.80.
According to MOF, at current prices the government bears a subsidy of RM2.33 a litre for BUDI95 (54% of the unsubsidised RON95 price) and RM2.97 a litre for BUDI Diesel (59% of the unsubsidised diesel price). The government expects to spend RM40 billion on fuel subsidies in 2027, as announced in Budget 2027.
SKPS and SKDS prices for transport vehicles
Petrol under SKPS (Sistem Kawalan Petrol Bersubsidi) stays at RM2.05 a litre and diesel under SKDS (Sistem Kawalan Diesel Bersubsidi) stays at RM2.15 a litre. According to the BUDI MADANI FAQ (in Malay), these are bought with a fleet card under BUDI MySubsidi for eligible public transport and goods vehicles.
Eligible Malaysians buy subsidised RON95 and diesel with their MyKad through BUDI95 and BUDI Diesel, subject to a monthly limit.
When next week's prices are announced
MOF usually announces the next week's prices on a Wednesday. Prices for 29 October to 4 November 2026 will be added to the Fuel prices this week hub as soon as they are announced, with the chart and price history.
For the quota and how to check your balance, read BUDI95 back to 300 litres a month from 1 Sep 2026: who qualifies and how to check your balance.
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Sources & how we checked
- Media statement: unsubsidised petrol down 30 sen a litre, unsubsidised diesel down 10 sen a litre (21 October 2026, in Malay) — Ministry of Finance Malaysia · accessed 22 Oct 2026
- data.gov.my — Price of Petroleum & Diesel (CC BY 4.0) — data.gov.my · accessed 22 Oct 2026
- BUDI MADANI FAQ (updated 30 June 2026, in Malay) — Ministry of Finance Malaysia · accessed 22 Oct 2026
Figures were matched against the Ministry of Finance media statement and infographic (21 Oct 2026) and the official Petrol & Diesel Prices dataset on data.gov.my before publishing.
The first draft of this article was AI-assisted from the sources above. Every figure was checked by Que.
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Que · Editor, JelasKini
Que is the editor of JelasKini. Que checks every figure, date and condition against official government sources (media statements, agency portals and data.gov.my) before publishing, and corrects mistakes openly. Que is not a licensed financial adviser.