KUALA LUMPUR, March 19 -- Pos Malaysia has announced a significant new fuel surcharge of up to 40 per cent for international shipments and 15 per cent for key domestic services, citing the dramatic spike in transportation costs.

The move comes ahead of the government's latest weekly fuel price update, which saw commercial diesel prices in Peninsular Malaysia soar to a record high.

Globally, crude oil prices are now trading over US$107 a barrel, up from US$70 before the start of the US-Iran war.

Effective from March 18 until March 29, the national postal service will impose a 40 per cent fuel surcharge on all international shipments, including its popular Express Mail Service (EMS), Air Parcel, and Small Packet services.

For domestic r...