Oil above $100: Fuel anger erupts from Asia to Europe and Latin America
$100 oil hits streets as fuel anger spreads worldwide
The Ministry of Finance (MOF) has announced a 35 sen per litre increase in fuel prices for RON97, unsubsidised RON95, and diesel, effective from September 17 to 23. This price hike is a direct response to the escalating conflict in West Asia, which has driven global crude and refined petroleum prices higher. Brent crude was reported to be close to US$110 per barrel during the Automatic Pricing Mechanism (APM) calculation period, with refining margins remaining elevated due to disruptions in Russia and constraints on crude supplies.
The government has pledged to protect BUDI MADANI recipients through targeted fuel subsidies, with eligible Malaysians able to continue purchasing subsidised RON95 and diesel using their MyKad, subject to their monthly entitlement.
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