Anwar Warns RM1.99 RON95 May Only Last 2 More Months If Iran Conflict Escalates

By Lara Kramer  •  09 Mar 2026 in News

Thirsty for JUICE content? Quench your cravings on our Facebook, Instagram, TikTok and WhatsApp

Prime Minister Anwar Ibrahim has warned that Malaysians may only be able to enjoy subsidised RON95 petrol at RM1.99 per litre for another one to two months if tensions surrounding the ongoing conflict involving Iran continue to escalate.

At present, Malaysian-registered vehicles are able to purchase subsidised RON95 at RM1.99 per litre. Meanwhile, vehicles registered outside Malaysia are charged RM2.67 per litre for the unsubsidised fuel, which reflects a recent increase of 10 sen.

Speaking to reporters, Anwar explained that the government can only sustain the current subsidised price for a limited period under the current circumstances.

He noted that the situation could become far more serious if the Strait of Hormuz remains closed for a prolonged time, potentially triggering wider economic problems.

“We will try to manage the impact of the Iran conflict, including the price of subsidised RON95 petrol which is currently maintained at RM1.99 per litre,” he said, adding that the government is closely monitoring developments and believes the subsidy can still be maintained for roughly one to two months.

Anwar also urged civil servants, businesses, and workers in the private sector to remain alert as the conflict involving Iran, the United States, and Israel continues to unfold.

According to him, the situation is “not encouraging,” even though the economic and geopolitical impact remains manageable for now.

He noted that around 200 ships are currently stranded in the Strait of Hormuz, one of the world’s most critical oil shipping routes. If vessels are forced to take longer alternative routes, transportation costs are expected to increase significantly.

As a result, the government is preparing to take immediate action if the disruption continues, as the economic effects could ripple across multiple sectors. Commodity prices may rise, import costs for small and medium enterprises could increase, and food prices may also climb.

The Strait of Hormuz was reportedly ordered closed by Iran following attacks by the United States and Israel last Sunday, 1 March.

More on JUICE.