Petrol Price Malaysia This Week: RON95 Stays RM1.99, RON97 Down 5 Sen — Even With Oil Up 12% (Aug 2026)

Brent has run 12% in a week to US$88.86. In the same week every Malaysian pump price either held or fell five sen. Both are true, and the gap between them is the thing worth understanding.

Why oil is going up

• It is a shipping lane, not a shortage. The move is geopolitics rather than fundamentals — no barrels have newly disappeared this week.
• The Hormuz deal keeps not getting signed. Iran’s parliament has yet to clear the Iran–Oman arrangement, and the draft is tougher than markets priced.
• Tehran added a condition. It ties any full arrangement to the US lifting its maritime blockade first — so the deadlock holds.

This is the second leg, not the first

• March did the damage. Brent ended March at $118.35 as the Hormuz blockade held back roughly 8 million barrels a day.
• Then it round-tripped. By 1 July it was back to $71.57, near pre-war. The current rally is a rebound off that low.
• Mid-range is the honest read. $88.86 sits between a $58.92 December low and a $118.35 March high — room in both directions.

So why did your pump price fall?

• The APM runs on a lag. This week’s prices were set from the previousweek’s costs — when Brent was near $79.
• It tracks MOPS, not Brent. Malaysia prices off refined product in Singapore, which moves with crude but not in lockstep.
• BUDI95 breaks the link entirely. RON95 is capped at RM1.99 for eligible Malaysians — until you pass 300 litres in a month.

What to watch

• 13 AugThe next APM update.This week’s five-sen cut reflected $79 oil; the next one reflects the run to $89.
• OngoingIran’s parliament. The rally is priced on a deal not passing — passage is the thing that would unwind it.
• Your sideTrack the weekly numbers on our petrol price page, and watch your 300-litre quota if you drive a lot.

We have been following this one

• 26 July — oil at $92. Why mid-range is the hardest place to trade, written during the US–Iran pause.
• 2 August — the 20-sen jump. That pause collapsed and every unsubsidised grade rose 20 sen.

Sources & further reading

• Al Jazeera — Iranian demands cloud the Hormuz outlook (10 Aug 2026)
• World Bank — the Hormuz disruption and March’s record monthly rise
• Ministry of Finance — RON95 held at RM1.99 under BUDI95
• data.gov.my — weekly petrol and diesel prices
• Yahoo Finance chart data — Brent and WTI closes, computed 11 Aug 2026