Fuel prices July 30 - Aug 5: RON97, unsubsidised RON95, diesel all up 20sen
Fuel prices in Malaysia for RON97, unsubsidised RON95, and diesel have increased by 20 sen per litre due to rising global oil prices linked to the US-Israel conflict. The government maintains that subsidised fuel prices remain unchanged to protect the public.
Why it matters
Illustrates the direct impact of global geopolitical instability on domestic inflation and cost-of-living for citizens.
KUALA LUMPUR: The retail prices of RON97, unsubsidised RON95 and unsubsidised diesel will each increase by 20 sen per litre for the period from July 30 to Aug 5.
In a statement Wednesday (July 29), the Finance Ministry said the retail price of RON97 would rise to RM4.40 per litre from RM4.20, while unsubsidised RON95 would increase to RM3.82 per litre from RM3.62.
The price of unsubsidised diesel will also increase to RM4.62 per litre from RM4.42.
The ministry said prices of unsubsidised petroleum products were influenced by global oil market movements over the past week, with the ongoing conflict between the United States and Iran pushing Brent crude oil prices to a six-week high of US$96 per barrel.
"Risks to major trade routes, including the Strait of Hormuz and the Red Sea, have also heightened concerns over global petroleum supply disruptions.
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