SHAH ALAM, March 29 — Fuel costs for micro, small and medium enterprises (MSMEs) could rise to as much as 50 per cent of operating expenses if global oil prices continue to climb, according to Rizal Nainy.
He warned that prolonged tensions in West Asia may push crude prices beyond US$100 per barrel, significantly impacting business sustainability.
Currently, fuel accounts for about 6.4 per cent of MSME costs, but rising prices could disrupt supply chains and affect industries reliant on raw materials.
Rizal urged businesses to diversify export markets, improve logistics strategies and adopt digitalisation to boost efficiency, while preparing contingency plans to manage ongoing economic uncertainties.
