West Malaysia Fuel Prices Surge Amid Middle East Conflict, Diesel Up 80 Sen Per Litre

(Kuala Lumpur, 11 March) – Amid heightened geopolitical tensions in the Middle East and volatile global oil prices, Malaysia’s Ministry of Finance today announced the maximum retail fuel prices for West Malaysia for the period 12–18 March 2026. Significant hikes apply to unsubsidised RON95, RON97 petrol, and Peninsular Malaysia diesel, while subsidised RON95 remains unchanged.

Latest West Malaysia Fuel Prices (Effective 12–18 March) 

Price Hike Triggered by Middle East Turmoil

In a statement, the Ministry of Finance attributed the fuel price increases to escalating conflict in the Middle East following attacks on Iran, which sent global oil markets into turmoil. Brent crude oil prices briefly surged to USD119 per barrel on 9 March before easing to around USD90, but market instability and supply chain risks persist.

The government reaffirmed its commitment to shielding consumers through the BUDI95 programme, keeping subsidised RON95 petrol fixed at RM1.99 per litre to ease cost-of-living pressures on West Malaysian households.

Mitigation Measures: Temporary Diesel Subsidy Boost

To cushion the impact of the sharp diesel price rise on logistics, agriculture, and public transport, the government announced a temporary increase in the BUDI DIESEL subsidy from RM200 to RM300 per month, effective until further notice.

Market Monitoring and Outlook

The Ministry of Finance stated it will continue to closely monitor global oil market developments and adjust domestic fuel prices in West Malaysia in line with international fluctuations, while balancing market stability and household affordability.