RON97, Unsubsidised RON95 Up 20 Sen, Diesel Up 15 Sen From Sept 24

KUALA LUMPUR, Sept 23 (Bernama) - The retail prices of RON97 petrol and unsubsidised RON95 petrol will increase by 20 sen per litre each, while unsubsidised diesel will rise by 15 sen per litre from Sept 24 to Sept 30.

The Ministry of Finance (MOF) said the new prices are RM5.05 per litre for RON97, RM4.57 per litre for unsubsidised RON95 and RM5.42 per litre for unsubsidised diesel.

It said continued supply constraints of refined petroleum products had kept market prices elevated.

“Disruptions to refined petroleum production in Russia, one of the world’s largest diesel exporters, have further intensified the situation.

“Diesel exports from West Asia also fell by more than 50 per cent between March and August 2026,” it said in a statement today.

MOF said the recovery of global refining capacity was important to stabilise petroleum product prices, while the resumption of petroleum flows through the Strait of Hormuz could help ease pressure on crude oil and refined petroleum product prices.

However, it said global geopolitical uncertainties were expected to continue influencing petroleum price fluctuations in the medium term, with potential conflicts posing risks of significantly higher oil transportation costs.

“Super tanker rental rates for several routes from West Asia have reached record levels of about US$1 million per day following shipping disruptions,” it said.

Meanwhile, MOF said the MADANI Government would continue protecting the people and businesses from the impact of global uncertainties by maintaining targeted subsidies through BUDI MADANI, BUDI Diesel, the Subsidised Petrol Control System (SKPS) and the Subsidised Diesel Control System (SKDS).

The ministry said fuel supplies in the country remained sufficient, but urged consumers to use fuel prudently, plan journeys efficiently and reduce unnecessary travel to help conserve supplies and manage subsidy expenditure.

“The MADANI Government will continue to adopt a prudent approach to cushion the impact of price fluctuations while ensuring the country’s fuel supply remains sufficient and secure,” it said.