FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Malaysia Trims Fuel Prices in Latest Review

By

Malaysia has lowered retail fuel prices for the May 14 to May 20 period, cutting costs across RON95, diesel and RON97 in its latest weekly review, The Star reported Thursday.

Unsubsidized RON95 price is reduced to 3.87 ringgit per liter from 4.02 ringgit per liter, diesel price in Peninsular Malaysia is cut to 4.87 ringgit from 5.17 ringgit per liter, while RON97 is lowered by 0.20 ringgit to 4.70 ringgit per liter, the news outlet said.

The Ministry of Finance Malaysia said the adjustments follow the Automatic Pricing Mechanism based on prior-week averages, even as crude oil stays above $100 a barrel amid ongoing Middle East tensions, with authorities urging prudent fuel use, The report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Equities

Dana Gas Books Higher Q1 Profit, Gross Revenue

Dana Gas PJSC (ADX:DANA) said Thursday that its profit and gross revenue for the first quarter grew year over year.Profit attributable to equity holders of the company for the three months ended March 31 was $74 million, compared with $43 million a year ago. EPS moved to $0.011 from $0.006.The Abu Dhabi-listed natural gas company's gross revenue was $145 million, compared with $91 million earlier.

$ADX:DANA
Equities

Update: Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

(Updates to add dividend information)ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.Meanwhile, the board resolved to distribute a dividend of 0.0423 dirham per share for the quarter, payable within 30 days from May 13 to shareholders as of May 21.The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

$ADX:ADNOCLS
Equities

Adnoc Logistics & Services Posts Higher Q1 Profit; Revenue Declines

ADNOC Logistics & Services (ADX:ADNOCLS) said Thursday that attributable profit for the first quarter increased, while revenue decreased year over year.Profit attributable to equity holders for the three months ended March 31 was $202.7 million, compared with $180.5 million earlier. EPS moved to $0.03 from $0.02.The Abu Dhabi-listed energy maritime logistics company's revenue was $1.08 billion, compared with $1.18 billion a year ago.The group raised its guidance for full-year 2026 and now expects mid-to-high-teen growth in net profit and a low-to-mid single-digit decline in revenue, compared with earlier projections for low-to-mid single-digit improvement in net profit and a mid-single-digit dip in revenue.

$ADX:ADNOCLS