Kuala Lumpur, Malaysia will maintain the subsidised price of RON95 petrol at RM1.99 per litre, despite ongoing volatility in global oil markets triggered by geopolitical tensions in the Middle East.
Prime Minister Anwar Ibrahim said the government remains committed to protecting consumers from rising fuel costs even as global energy prices fluctuate.
Oil Prices Surge Due to Middle East Tensions
Global oil prices have experienced sharp movements in recent days. Brent crude oil briefly surged to around US$118.93 per barrel on March 9 before easing to below US$90 per barrel.
The volatility comes amid escalating geopolitical tensions in the Middle East, which have disrupted global energy markets and increased uncertainty about future supply.
Despite these developments, the Malaysian government has decided to keep domestic fuel prices stable to ease the cost-of-living pressure on citizens.
Malaysia’s Fuel Supply Secure Until May
The government also assured the public that the country’s fuel supply remains stable. According to the prime minister, petroleum product supplies are secure at least until May 2026 following reviews with the national oil company Petroliam Nasional Berhad.
Authorities will continue monitoring global developments to ensure energy security and avoid disruptions to domestic supply.
Government Monitoring Global Situation
To manage the situation more closely, the government has established a monitoring panel led by Finance Minister II Amir Hamzah Azizan.
The panel will track developments in the Middle East and assess the daily impact of global oil price movements on Malaysia’s economy and fuel supply.
Protecting Malaysians from Rising Costs
Maintaining the subsidised RON95 price is part of the government’s broader effort to shield Malaysians from global price shocks. The policy ensures that despite rising global energy costs, local consumers can continue purchasing petrol at an affordable rate.
Officials said the government will continue to evaluate global market conditions and implement necessary measures to ensure fuel price stability and national energy security.
