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Petrol

Third rise in a row

RON95 Up to RM4.57, Diesel to RM5.42 — Fuel Prices Rise for a Third Straight Week

RaymondRates.my2 min read

Fuel prices rose for a third week in a row. From midnight, unsubsidised RON95 costs RM4.57 and diesel RM5.42 — up 20 sen and 15 sen. But this week's reason is different: the Finance Ministry blames a squeezed global diesel market, not the Gulf tanker tension that drove the last two rises.

RM4.57
RON95, unsubsidised
+20 sen from RM4.37
RM5.42
Diesel, unsubsidised
+15 sen from RM5.27
+80 sen
RON95 in three weeks
since RM3.77 on 3 Sept

Third rise in a row, but a different cause

RON95 unsubsidised, weekly (RM per litre)3.503.904.304.706 Aug13 Aug20 Aug27 AugRM3.823 Sep10 Sep17 Sep24 SepRM4.57Three rises in a rowdata.gov.my fuel price catalogue; MOF's 24-30 Sep announcement for the latest point.
RON95's weekly float since early August: three straight rises to close out September, the longest run this cycle.
  • Russian diesel production is disrupted tightening global supply, the Finance Ministry says.
  • West Asian diesel exports fell over 50% between March and August, per the ministry.
  • Super-tanker rents hit about US$1 million a day on some West Asia routes, pushing shipping costs into the price.

Most drivers are shielded, again

A cargo truck driving on a mountain highway
This week's squeeze is in diesel exports specifically — the fuel commercial fleets run on, and the one with the thinner subsidy cushion outside BUDI Diesel. · Photo: Unsplash
  • BUDI95 and Budi Madani Diesel don't move this week's rise only hits Malaysians paying the market rate.
  • The monthly quota is still 300 litres before you pay market rate for RON95 or Budi Diesel.
Updating our 17-23 Sept piece. We covered a 35-sen jump on Gulf tanker tension last week. This week's rise is smaller, but the run continues — and for the first time this cycle, the Finance Ministry's own stated reason is a diesel supply squeeze rather than crude.

What to watch

  • Wed, 30 SeptNext weekly float announcement — whether the diesel squeeze holds into a fourth straight rise.
  • OngoingWhether West Asian diesel exports and tanker rates ease from the levels MOF cited this week.
Not financial advice. This is general information based on Ministry of Finance pricing announcements and publicly reported figures as at 23 September 2026. It is not a forecast of where fuel or oil prices are headed, and Rates.my does not issue price targets. Subsidy eligibility and quotas can change — confirm your own status via MyKad at the pump.

Sources & further reading

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Keep reading

PetrolRON95, RON97 and Diesel All Rise 35 Sen for the Week of 17-23 SeptemberPetrolRON95, RON97 and Diesel Jump 25 Sen as Brent Tops US$101 for the First Time Since MayPetrolPetrol Price Malaysia This Week: RON95 Round-Trips Back to RM3.82 (27 Aug–2 Sep 2026)

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