KUALA LUMPUR — The US–Israel war against Iran has pushed up global oil prices and made fuel more expensive in many countries.
As the fighting has spread across the Middle East, including missile and drone attacks on energy facilities and shipping lanes near the Strait of Hormuz, supplies have been disrupted and prices at the pump have jumped around the world.
In Malaysia, unsubsidised fuel prices have risen for the second week in a row.
RON95 now costs RM3.27 per litre and RON97 is RM4.55 per litre, up from RM2.59 and RM3.15 per litre respectively at the end of February.
Diesel in Peninsular Malaysia has climbed from RM3.04 to RM4.72 per litre over the same period, while diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre.
But as an oil-producing country with fuel subsidies, how does Malaysia compare with other countries also facing rising fuel prices?
Malaysia currently has the lowest standard fuel price among the countries compared, with unsubsidised RON95 at RM3.27 per litre from March 19 to 25.
Thailand follows with Gasohol95 priced at RM3.87 (32.05 baht) per litre, while Australia’s Premium95 — equivalent to Malaysia’s RON95 — stands at RM7.09 (AU$2.54) per litre, based on March 20 data from its government-run FuelCheck website.
