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flag Malaysia keeps RON95 petrol at RM1.99 despite global oil surge from Middle East tensions.

flag Malaysia’s Prime Minister Anwar Ibrahim pledged to maintain the subsidized RON95 petrol price at RM1.99 per litre despite rising global oil prices due to U.S.-Israeli strikes on Iran and heightened Middle East tensions. flag He acknowledged market forces could override this commitment, citing potential supply disruptions near the Strait of Hormuz and projected oil price spikes. flag The government continues to absorb rising costs, while also reviewing measures to prevent subsidy misuse, including restricting foreign credit card use at fuel stations.

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