Malaysia has raised the prices of unsubsidised petrol and diesel for the fourth time in five weeks, as renewed tensions in the Middle East continue to push global oil prices higher.
For the period from September 17 to 23, the retail prices of unsubsidised RON95, RON97 and diesel will each increase by 35 sen per litre, according to the Finance Ministry.
RON97 will rise from RM4.50 to RM4.85 per litre, while unsubsidised RON95 will increase from RM4.02 to RM4.37. Unsubsidised diesel will rise from RM4.92 to RM5.27 per litre.
The latest adjustment follows a 25-sen increase for all three fuel types during the previous week. Prices had also risen earlier in August before falling slightly at the beginning of September.
The Finance Ministry said the increases were determined under Malaysia’s Automatic Pricing Mechanism, which adjusts retail fuel prices based on movements in international petroleum prices.
The latest rise comes as the conflict in the Middle East has intensified, raising concerns about disruptions to global oil supplies. Brent crude prices have moved close to US$110 a barrel amid heightened uncertainty surrounding supply routes and regional energy infrastructure.
Despite the increases in unsubsidised fuel, eligible Malaysian consumers continue to receive protection through targeted fuel subsidies. BUDI MADANI recipients can purchase subsidised RON95 at RM1.99 per litre and subsidised diesel at RM2.10 per litre.
The government has maintained the targeted subsidy system as global fuel markets remain volatile, limiting the impact of international price movements on eligible households and businesses.
The latest increases are expected to add to operating and transportation costs for motorists and businesses that purchase fuel at unsubsidised rates.
With geopolitical tensions continuing to affect crude oil and refined fuel markets, further price volatility remains possible in the coming weeks.
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