PUBLISHED ONJune 17, 2026 1:37 PMBYSean LerPetrol prices in Malaysia will remain unchanged for a third week running — between June 18 and 24 — amid continued short-term risks in the Middle East and high subsidy liability, Malaysia's Ministry of Finance announced on Wednesday (June 17).
For this period, the retail prices for unsubsidised Ron95 and Ron97 petrol will remain at RM3.72 (S$1.20) and RM4.35 respectively.
Meanwhile, the price of unsubsidised diesel will be reduced by 30 cents to RM4.37.
Explaining its decision, the ministry said that while the government views positively the interim deal to the end the war in the Middle East, including the moderation of global crude oil prices, short-term risks still exist.
"These include uncertainties regarding the reopening of trade routes in the Strait of Hormuz, supply disruptions that are expected to take months to fully recover, and the risk that peace negotiations will not reach a final settlement," the ministry said, adding that these could still prevent crude oil and petroleum prices from returning to pre-conflict levels.
Malaysia uses the automatic pricing mechanism formula — introduced in 1983 to stabilise fuel prices based on market fluctuations — when determining weekly petrol prices.
The ministry also said the government's fuel subsidy liability is projected to remain high — at around RM3.5 billion per month — based on current market prices for oil.
In its last update issued on June 10, the ministry revealed that the monthly subsidy for both Ron95 and diesel hit a high of about RM7.5 billion in April.
While fuel supplies remain adequate for now, the ministry encouraged motorists to maintain efficient and prudent fuel consumption through better travel planning to reduce wasteful consumption.
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