Malaysia Fuel Prices This Week: Latest RON95, RON97 & Diesel

Official Fuel Prices for This Week

The Ministry of Finance Malaysia has released the retail fuel prices for the current week. Before you head out, here are the official per-litre prices you need to know: RON97: RM4.20 Unsubsidised RON95: RM3.62 Unsubsidised Diesel: RM4.42 The prices for subsidised RON95 and diesel remain unchanged for eligible recipients under the government's aid programmes.

Recent Price Movements and Global Factors

Unsubsidised fuel prices have been volatile over the past several weeks. For instance, the unsubsidised RON95 price fluctuated from RM3.42 in mid-July, to RM3.37 in early July, and was as high as RM3.72 in early June. This week's 20-sen increase for RON95 and 35-sen increase for diesel reflect ongoing instability in the global crude oil market. Factors such as geopolitical tensions in the Middle East and shifts in global demand have caused Brent crude oil prices to trade around USD $98 per barrel, directly impacting pump prices in Malaysia.

Understanding Malaysia's Targeted Fuel Subsidies

For many eligible Malaysians, the weekly price fluctuations are mitigated by the government's targeted subsidy programme. Under the BUDI95 and BUDI Diesel initiatives, fuel prices are capped to help manage the cost of living. The fixed ceiling prices are: Subsidised RON95 (BUDI95): RM1.99 per litre Subsidised Diesel (BUDI Diesel): RM2.10 per litre This programme ensures that qualified drivers can refuel at a stable, predictable price. However, it is important to note that not all drivers, particularly foreign tourists or those who do not meet the eligibility criteria, will have access to these subsidised rates.

Estimating Fuel Costs: A Seremban to Penang Road Trip

To put these prices into perspective, let's estimate the fuel cost for a round trip from Seremban to Penang, a journey of approximately 860 kilometres. Assuming a modern, fuel-efficient car that averages 20 km/l, you would need about 43 litres of petrol. Based on this week's prices, your estimated fuel budget would be: Using subsidised RON95 (RM1.99/l): Approximately RM85.57 Using unsubsidised RON95 (RM3.62/l): Approximately RM155.66 Using RON97 (RM4.20/l): Approximately RM180.60 This significant cost difference highlights the importance of factoring fuel into your travel budget, especially for long-distance drives.

Planning Your Journey with a Rental Car

When renting a car, the fuel budget is a major consideration. At JRV Car Rental, we make this easier by offering unlimited mileage for all travel across Peninsular Malaysia. This policy removes any worry about extra charges based on distance, allowing you to budget solely for your fuel expenses. Combined with our zero-deposit policy on the entire fleet, planning your trip's finances becomes much more straightforward. Our fleet of new 2024-2026 models also ensures you are driving a vehicle with modern fuel efficiency.

Fuel-Saving Tips for Your Rental Car

• Drive smoothly: Avoid harsh acceleration and sudden braking.
• Maintain a consistent speed: Use cruise control on highways where available and safe.
• Check tyre pressure: Underinflated tyres can increase fuel consumption.
• Reduce excess weight: Don't carry unnecessary heavy items in the car.
• Avoid prolonged idling: Turn off the engine if you're stopped for more than a minute.