Earlier yesterday, diesel prices had skyrocketed about 105% from Feb 26, two days before the US and Israel launched strikes on Iran. The government raised the price to 39,660 dong (RM5.94) per litre as of midnight yesterday, up from 19,270 dong (RM2.89) last month, according to trade ministry figures. But 14 hours later, the ministry revised down fuel prices, with the cost of diesel lowered to a rate that is just below double that of the Feb 26 price. A surge in oil prices since the start of the conflict has sent fuel costs spiralling and sparked fears of shortages around the world. “With this unbelievable price of diesel, I cannot even sell my truck as no one is going to use it,” the businessman said.

Source: The Star March 26, 2026 04:37 UTC