The retail prices of RON97, unsubsidised RON95, and unsubsidised diesel will increase by 20 sen per litre for the period from July 30 to Aug 5, 2026, the Ministry of Finance (MOF) announced.
Effective Thursday, the new prices are RM4.40 per litre for RON97, RM3.82 per litre for unsubsidised RON95, and RM4.62 per litre for unsubsidised diesel.
MOF said the increase reflects movements in the global oil market, with Brent crude oil rising to a six-week high of US$96 per barrel during the previous week.
The ministry said ongoing risks to key global shipping routes, including the Strait of Hormuz and the Red Sea, have heightened concerns over potential disruptions to global petroleum supplies.
“As long as the conflict remains unresolved, petroleum prices are expected to remain volatile due to uncertainties in the global market,” the ministry said in a statement on Wednesday.
MOF also noted that emergency petroleum reserves held by several major economies have declined following the conflict that erupted in West Asia on Feb 28, 2026.
It warned that if supply disruptions continue, efforts by these countries to replenish their reserves could place additional upward pressure on global oil prices in the medium term.
Despite the increase in unsubsidised fuel prices, the government said subsidised fuel prices remain unchanged. BUDI95 RON95 stays at RM1.99 per litre, BUDI Diesel at RM2.10 per litre, the Subsidised Petrol Control System (SKPS) at RM2.05 per litre, and the Subsidised Diesel Control System (SKDS) at RM2.15 per litre.
MOF said eligible Malaysians can continue purchasing subsidised RON95 and diesel using their MyKad, subject to their eligibility and monthly quota.
