KUALA LUMPUR, April 10 — Prime Minister Anwar Ibrahim has urged Malaysians to be more mindful of fuel usage as global energy volatility continues to push up the government’s subsidy burden.
He said Putrajaya is doing its best to maintain the RON95 petrol price, despite rising international oil prices placing increasing pressure on public finances.
The government aims to keep inflation in check, but public cooperation in reducing unnecessary fuel consumption is now crucial.
Addressing concerns over supply disruptions, Anwar confirmed that one Malaysia-bound oil tanker experienced a breakdown in the Strait of Hormuz, though it is currently undergoing repairs.
He reassured that this incident will not impact the country’s petrol supply in the near term, as another tanker from the same shipment has already docked.
Malaysia’s fuel supply is expected to remain stable at least until May, with authorities closely monitoring the situation as about 38% of the nation’s crude imports pass through the critical waterway.
The government has also secured safe passage for Malaysian vessels through diplomatic engagement, reinforcing Malaysia’s neutral stance in global affairs.
However, officials caution that prolonged disruptions could force reliance on more expensive spot-market oil, potentially straining the subsidy system further.
