The Malaysian government will maintain retail prices for unsubsidised petrol and diesel from July 9 to July 15, 2026, keeping RON95 petrol at RM3.37 per litre, RON97 petrol at RM4.00 per litre, and diesel at RM3.97 per litre [1, 2, 3, 4, 5, 6]. Subsidised fuel prices under the BUDI and Control System programmes also remain steady, with RON95 petrol at RM1.99 per litre, subsidised diesel at RM2.10, the Petrol Control System at RM2.05, and Diesel Control System at RM2.15 per litre [1, 2, 3, 5, 6].
The Ministry of Finance noted that domestic fuel supply remains stable and adequate, allowing the government to shield consumers from price volatility while ensuring steady fuel availability nationwide [1, 2, 3, 5, 6]. On July 8, Brent crude oil traded at approximately US$78.29 per barrel, marking a two-week high amid ongoing Middle East tensions [1, 2].
Global crude prices moderated in recent days due to lower geopolitical risk premiums, improved supply flows, and increased competition among producers. However, the ministry warned that recent U.S. strikes on Iran have heightened risks to oil prices and supply, as the conflict in West Asia remains unresolved. “However, recent developments in West Asia, including the latest United States strikes on Iran yesterday, indicate that risks to prices and supply remain as long as the conflict remains unresolved,” the ministry said [1, 2, 3, 5, 6].
Looking ahead, the ministry expects a global oil supply surplus driven by recovering production and softer demand to limit further price increases. It added, “In the medium term, expectations of a global oversupply following the recovery in production and moderation in demand are expected to limit further price increases. However, any new disruptions to key trade routes could trigger significant price volatility” [1, 2, 3, 5, 6].
The Finance Ministry urged consumers to practise prudent fuel usage by planning trips efficiently and reducing unnecessary travel to ease subsidy expenditure pressure [1, 2, 3, 5, 6].
On July 8, the ministry announced the price maintenance for the coming week, noting that despite the volatile geopolitical backdrop, Malaysia’s domestic supply and pricing remain stable [1, 2, 3, 4, 5, 6].
