Unsubsidised diesel will also cost 20 sen more, with these prices in effect until Aug 26.
RON97 will increase by 10 sen from RM4.15 to RM4.25 per litre, and unsubsidised RON95 will rise 15 sen from RM3.62 to RM3.77 per litre.
Unsubsidised diesel will go up 20 sen from RM4.47 to RM4.67 per litre.
RON95 under the BUDI95 scheme will continue to be sold at RM1.99 per litre, while the price of diesel will be fixed at RM2.10 per litre under the BUDI Diesel initiative.
Subsidised petrol under the subsidised petrol control system (SKPS) will remain at RM2.05 per litre, while subsidised diesel under the subsidised diesel control system (SKDS) will retail at RM2.15 per litre.
These prices will be in effect until Aug 26.
The ministry attributed the increase to continued disruption to oil traffic through the Strait of Hormuz linked to the conflict between the US, Israel and Iran, as well as a Ukrainian strike on a Russian oil refinery.
“As long as the conflict in West Asia remains unresolved and the flow of petroleum through the Strait of Hormuz has not returned to normal, petroleum product prices are expected to continue fluctuating significantly,” it said.
The ministry urged the public to continue to use fuel prudently, plan their journeys more efficiently, and reduce unnecessary travel to help conserve the nation’s fuel supply and ease pressure on subsidy expenditure. - FMT
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