Malaysia raises unsubsidised fuel prices following crude oil surge — Eter News

Enriched Analysis 深度解析

Malaysia raises unsubsidised fuel prices following crude oil surge国际原油大涨 马来西亚上调非补贴燃油价格

Effective July 23, 2026, Malaysia's Ministry of Finance set unsubsidised diesel at RM4.42 per litre and RON95 at RM3.62 per litre. Subsidised fuel prices under Budi95 and SKDS remain unchanged.马来西亚财政部定于2026年7月23日起上调非补贴油价，柴油升至每升4.42令吉，RON95升至3.62令吉。Budi95及SKDS项下补贴油价保持不变。

The Edge Malaysia 22 Jul 2026 2026年7月22日

1616

Brent Crude Weekly Increase布伦特原油单周涨幅

4.424.42

Unsubsidised Diesel Rate非补贴柴油售价

0.450.45

Two-Week Diesel Price Hike柴油两周累计涨幅

01The Story新闻事实

Effective July 23, 2026, Malaysia's Ministry of Finance set unsubsidised diesel at RM4.42 per litre and RON95 at RM3.62 per litre. Subsidised fuel prices under Budi95 and SKDS remain unchanged.马来西亚财政部定于2026年7月23日起上调非补贴油价，柴油升至每升4.42令吉，RON95升至3.62令吉。Budi95及SKDS项下补贴油价保持不变。

  • Unsubsidised diesel price increased by 35 sen to RM4.42 per litre.非补贴柴油零售价每升上涨35仙至4.42令吉。
  • Unsubsidised RON95 and RON97 rose by 20 sen to RM3.62 and RM4.20 per litre.非补贴RON95与RON97分别上涨20仙至每升3.62与4.20令吉。
  • Subsidised RON95 under the Budi95 program remains unchanged at RM1.99 per litre.Budi95机制下的补贴RON95汽油维持每升1.99令吉不变。
  • Brent crude prices rose 16% over the past week, reaching US$93.77 per barrel.布伦特原油周涨16%，盘中触及每桶93.77美元。

A 16% weekly crude surge from US-Iran tensions drove Malaysia's unsubsidised fuel price increase while targeted subsidies buffered eligible domestic consumers.美伊冲突推高原油周价16%，导致马来西亚非补贴油价上涨，定向补贴机制降低了对合规民众的影响。

023 Dimensions维度分析

Cause因果关系

Geopolitical Crude Price Surge地缘冲突推高国际原油价格

Brent crude rose 16% over one week as US-Iran conflict escalation disrupted Strait of Hormuz shipping.美伊冲突升级及霍尔木兹海峡航运受阻引发供应担忧，布伦特原油单周上涨16%。

Brent Crude Weekly Increase布伦特原油单周涨幅

Week ending July 22, 2026截至2026-07-22当周16 %

2026-07-222026-07-2293.77 USD/barrel

  • Brent crude traded between US$84.78 and US$93.77 per barrel on July 22, 2026.2026年7月22日，布伦特原油交易区间为每桶84.78至93.77美元。
  • Vessel traffic restrictions through the Strait of Hormuz heightened global petroleum supply disruption fears.霍尔木兹海峡船只通行受限加剧了全球石油供应中断担忧。
Comparison对比

Dual-Track Retail Fuel Price Gap双轨燃油零售价差

The price hike widened the gap between market-rate fuel and targeted subsidised rates under Budi95 and SKDS.非补贴油价上调扩大了市场零售价与Budi95及SKDS定向补贴价之间的差距。

Unsubsidised Diesel Rate非补贴柴油售价

Week of July 23, 20262026-07-23起当周4.42 MYR/litre

Week of July 23, 20262026-07-23起当周3.62 MYR/litre

  • Unsubsidised diesel reached RM4.42 per litre, RM2.32 higher than subsidised Budi Diesel at RM2.10.非补贴柴油升至每升4.42令吉，比Budi补贴柴油价格（2.10令吉）高出2.32令吉。
  • Unsubsidised RON95 reached RM3.62 per litre, RM1.63 higher than subsidised Budi95 at RM1.99.非补贴RON95升至每升3.62令吉，比Budi95补贴价（1.99令吉）高出1.63令吉。
Historical context历史脉络

Consecutive Weekly Price Adjustments非补贴油价连续调价趋势

Unsubsidised fuel experienced two consecutive weekly price increases, accumulating 45 sen for diesel and 25 sen for RON95.非补贴燃油连续两周上调，柴油累计上涨45仙，RON95汽油累计上涨25仙。

  • July 16–29, 20262026-07-16至2026-07-29 0.45 MYR/litre0.45令吉/升
  • July 16–29, 20262026-07-16至2026-07-29 0.25 MYR/litre0.25令吉/升
  • In the July 16–22 cycle, unsubsidised diesel rose 10 sen and RON95 rose 5 sen per litre.7月16日至22日调价周期中，非补贴柴油上涨10仙，RON95上涨5仙。
  • In the July 23–29 cycle, unsubsidised diesel rose 35 sen and RON95 rose 20 sen per litre.7月23日至29日调价周期中，非补贴柴油上涨35仙，RON95上涨20仙。

03Timeline时间线

  1. 2026-07-16 Malaysia implements first weekly fuel price hike.马来西亚开启首轮非补贴油价上调。
  2. 2026-07-22 MOF announces second weekly fuel price increase.马来西亚财政部宣布连续第二周调高油价。
  3. 2026-07-23 New retail fuel prices take effect nationwide.新非补贴燃料零售价在全国生效。

Key takeaway核心结论

Escalating crude prices expand Malaysia's fuel subsidy gap, raising costs for unsubsidised users while preserving targeted consumer protections.国际油价急涨扩大马来西亚双轨油价价差，在推高非补贴用油成本的同时保留定向补贴。

04What to Watch后续关注

  1. US-Iran conflict developments and Strait of Hormuz shipping traffic.美伊局势走向及霍尔木兹海峡航运状态。
  2. Malaysia's Ministry of Finance next weekly fuel pricing update.马来西亚财政部下周发布的燃料调价公告。

05Uncertainties不确定因素

  • Duration of Middle East geopolitical conflict and global crude supply bottlenecks.中东地缘冲突及全球原油供应瓶颈持续时间。
  • Commercial transport fee adjustments resulting from higher unsubsidised fuel costs.非补贴燃油成本上升对商业运输费用的后续影响。

06Sources信息来源

  1. Unsubsidised RON95, RON97 price raised 20 sen, diesel up 35 sen非补贴RON95与RON97价格上涨20仙，柴油上涨35仙 The Edge Malaysia · 2026-07-22
  2. BUDI MADANI Targeted Subsidy FrameworkBUDI MADANI 定向补贴机制 Ministry of Finance Malaysia · 2026-07-01

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