The government will continue to maintain the subsidised RON95 petrol price at RM1.99 per litre and has no plans to make any major changes to the current price or policy, said Economy Minister Akmal Nasrullah Nasir.
He noted that the ongoing conflict in the Middle East does not provide sufficient reason for the government to alter domestic fuel prices or make drastic policy adjustments.
“Our ministry is monitoring developments closely, but there is no indication that the government needs to make any significant changes to its policies. The government has implemented a targeted subsidy and continues to maintain a fair RON95 price for the public,” he told reporters after attending the OGSE100 CEOs Forum 2026.
On March 1, Prime Minister Anwar Ibrahim reaffirmed the government’s commitment to keeping the RON95 petrol price at RM1.99 per litre despite global market uncertainties following recent developments in the Middle East. He explained that while disruptions in the Strait of Hormuz have driven global oil prices higher, the government remains determined to uphold the subsidised price under the Budi MADANI RON95 (BUDI95) programme.
Akmal Nasrullah also said that Malaysia’s 2026 gross domestic product (GDP) growth forecast remains at 4.0–4.5 per cent, despite the ongoing conflict in the Middle East. “If there is any need to revise the forecast, it will be done by Bank Negara Malaysia; for now, we are continuing with the current growth target for 2026,” he added.
The statements underscore the government’s intention to shield Malaysians from volatile global oil prices while maintaining a stable and targeted subsidy for domestic fuel.
