RON95, RON97 and Diesel All Jump 20 Sen This Week — the US–Iran Pause We Covered Just Collapsed (2026)

RaymondRates.myPublished 2 August 20265 min read

Fill up at the market rate this week and RON95 costs RM3.82, RON97 costs RM4.40 and diesel costs RM4.62 a litre — all up 20 sen from last week. The Ministry of Finance says it comes down to one thing: the US–Iran pause we wrote about on 26 July has broken down.

Update — Monday 3 August. Trump called off the planned Iran strike over the weekend, and Brent plunged about 5% to US$83 — roughly 13% below the US$96 peak this week’s rise was priced off. The pump prices below still stand until 5 August.

RM3.82

RON95, unsubsidised

+20 sen from RM3.62

RM4.62

Diesel, unsubsidised

+20 sen from RM4.42

RM1.99

RON95 under BUDI95

unchanged — if you're eligible

This week vs last week

Every unsubsidised grade rose by exactly 20 sen for 30 July–5 August 2026. RON97 has never been subsidised, so its buyers feel the full move.

Why prices jumped: the pause we covered just collapsed

Updating our 26 July piece. We wrote that Brent had eased to $92 after a US–Iran pause — and flagged that "two quiet days is a pause, not a peace deal." That held up the wrong way: the Ministry of Finance says fighting resumed, and Brent touched a six-week high near US$96 a barrel in the days that followed, which is what this week's 20-sen increase is priced off.

Three pressures at once. Renewed US–Iran conflict, risk around the Strait of Hormuz and Red Sea, and major economies racing to refill drawn-down reserves.
The float looks backwards. This week prices off last week’s crude. Monday’s crash lands in the 5 August float, not today’s.

Do you actually pay this?

Find your row. Most Malaysian drivers are in the green half and pay nothing extra this week — the 200-litre monthly quota is shared between BUDI95 and Budi Madani Diesel.

A cargo truck driving on a mountain highway — Company-owned haulage fleets sit outside Budi Madani Diesel — a 20-sen jump lands straight on their fuel bill. · Photo: Unsplash

The gap between what you pay and what fuel actually costs

The subsidised price barely moves week to week — it's the market price that carries the swing.

The taxpayer absorbs the swing, not the driver. RM1.83 a litre on RON95, RM2.52 on diesel. When Brent rises, the subsidy bill rises — the pump price doesn’t.

What to watch

Wed, 5 AugNext weekly float — the one that matters now. Monday’s crude crash feeds into this price, so the 20 sen could partly reverse.
OngoingWhether Trump’s deal with Iran actually lands. Talks stalling puts the strike — and crude — back on the table.
Your sideYour 200-litre monthly quota. Go over and you pay market rate for the rest of the month.

Not financial advice. This is general information based on Ministry of Finance pricing announcements and publicly reported figures as at 3 August 2026. It is not a forecast of where fuel or oil prices are headed, and Rates.my does not issue price targets. Subsidy eligibility rules can change — confirm your own status via MyKad at the pump.

Sources & further reading

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