Retail price

The retail price of diesel is regulated by the government through its Automated Pricing Mechanism.

On June 3, 2020, the government revoked the Price Control and Anti-Profiteering (Determination of Maximum Retail Price for Petrol and Diesel) (No.8) Order 2020 by publishing a notice in the Federal Government Gazette. The removal of the ceiling price enabled the government to increase the retail price of diesel in tandem with the movement of international crude petroleum prices.

However, in February 2021, the government set a ceiling price again. Under this new pricing mechanism, the maximum price for diesel is set at MYR 2.15 (USD 0.519)/liter. From March 2021 until September 2023, the diesel price remained unchanged at Malaysian ringgit (MYR) 2.15 (USD 0.519)/liter. The figure be