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KUALA LUMPUR, JULY 2026 — The Malaysian government has announced a 20 sen per litre increase in the retail prices of RON97 petrol, unsubsidised RON95 petrol and unsubsidised diesel.
The revised prices will remain in effect from July 30 until August 5, 2026. Under the latest adjustment, RON97 is priced at RM4.40 per litre, while unsubsidised RON95 rises to RM3.82 per litre. The price of unsubsidised diesel has been set at RM4.62 per litre.
According to the Ministry of Finance, the prices of unsubsidised petroleum products were influenced by movements in the global oil market during the previous week.
The ministry said ongoing tensions between the United States and Iran had pushed Brent crude oil prices to a six-week high of approximately US$96 per barrel.
Concerns surrounding major international trade routes, including the Strait of Hormuz and the Red Sea, have also increased fears of possible disruptions to global petroleum supplies.
The government warned that fuel prices could remain exposed to global market volatility as long as the conflict continues without a lasting resolution.
The Finance Ministry also noted that emergency petroleum reserves in several major economies had reportedly declined following the escalation of tensions in the Middle East on February 28.
Should supply disruptions persist, efforts by affected countries to replenish their reserves could place further upward pressure on petroleum prices over the medium term.
Despite the international uncertainty, the ministry assured the public that Malaysia’s domestic fuel supply remained sufficient.
Targeted fuel assistance will also continue to be distributed through programmes including BUDI MADANI RON95, BUDI MADANI Diesel, the Subsidised Diesel Control System and the Subsidised Petrol Control System.
The government said it remained committed to reducing the impact of global price pressures on Malaysian consumers and businesses.
At the same time, the public was advised to use fuel responsibly by planning journeys more efficiently and reducing unnecessary travel. The measure is expected to help ease pressure on the country’s fuel supply and government subsidy expenditure.
The latest price revision applies specifically to RON97, unsubsidised RON95 and unsubsidised diesel. Eligible consumers receiving targeted assistance will continue to benefit from the government’s existing subsidy programmes.
The adjustment comes as global energy markets remain sensitive to geopolitical developments, supply risks and concerns over strategic petroleum reserves.
Further changes to Malaysia’s weekly fuel prices will depend largely on movements in international crude oil prices and the stability of global supply routes.
