Malaysia increased the price of unsubsidised fuels by 20 sen per litre from July 30 to August 5, 2026. The RON95 petrol price rose to RM3.82 per litre, RON97 petrol to RM4.40, and diesel to RM4.62 during this period [1, 2, 3, 4]. Subsidised prices remained unchanged at RM1.99 per litre for RON95 petrol and RM2.10 for diesel, while Petrol Control System (SKPS) and Diesel Control System (SKDS) prices were set at RM2.05 and RM2.15 per litre, respectively [1, 2, 3, 4].
The price adjustment, announced by the Ministry of Finance on July 29, followed rising global oil prices amid geopolitical tensions in West Asia that began February 28, 2026 [1, 2, 3, 4]. Brent crude oil peaked at US$96 per barrel, marking a six-week high due to the ongoing US-Iran conflict and heightened risks to key trade routes including the Strait of Hormuz and the Red Sea [1, 3, 4]. The Ministry of Finance said, "Risks to key trade routes, including the Strait of Hormuz and the Red Sea, have also heightened concerns over disruptions to global petroleum supplies" [1].
Emergency petroleum reserves in major economies have declined since the conflict erupted earlier this year [1, 3, 4]. The ministry added, "As long as the conflict has not reached a definitive resolution, petroleum product prices are expected to remain subject to global market volatility" [4]. The government said national fuel supplies remain sufficient and subsidies continue through targeted programs to shield the public from price shocks [1, 3, 4]. It urged Malaysians to practise "prudent fuel consumption by planning journeys more efficiently and reducing unnecessary travel to help ease pressure on national supplies and subsidy expenditure" [4].
The Malaysian Gas Association highlighted challenges including decarbonisation, declining local gas reserves, and increasing LNG imports, emphasizing natural gas's role in the country's low-carbon energy transition [1].
The new unsubsidised fuel prices will be effective for the weekly price period from July 30 through August 5, following the July 29 announcement by the Ministry of Finance [1, 2, 3, 4].
