THE Government is taking proactive steps to ensure the stability of its domestic fuel supply by leveraging the extensive global investments of its national oil company, PETRONAS, Prime Minister Datuk Seri Anwar Ibrahim announced today.
The move comes as escalating tensions in the Gulf region threaten the continuity of energy shipments worldwide.
Speaking to the media after Friday prayers, Anwar explained that Petronas’s strong presence beyond the Gulf—including in regions such as the Americas—offers Malaysia a strategic advantage, allowing the country to diversify its fuel sources and maintain steady revenue streams.
“For now, supplies are still sufficient until May, but we are also seeking alternative options,” he said. “This reflects the strength of Petronas, whose investments are diversified — not only in the Gulf states but also in Brazil, Suriname and Canada.”
The prime minister underlined that the government is actively exploring ways to capitalise on these international holdings to simultaneously safeguard national income and secure domestic fuel needs.
Authorities are monitoring the situation closely and assessing developments on a daily basis to respond promptly to any disruptions.
Anwar also highlighted Malaysia’s comparatively favourable position amid the regional crisis, noting that the country’s fuel reserves remain manageable relative to several neighbouring states.
Nevertheless, he warned against complacency, urging a focus on national welfare over political concerns.
“For the time being, praise be to God, when we observe the difficult situation in several countries around us, we should be grateful and not become complacent or overly preoccupied with political matters, but instead focus on safeguarding the wellbeing of the people and the nation,” he said.
The announcement follows a US-backed Israeli strike on Iran, which has plunged the Gulf into turmoil.
The assault has resulted in the partial closure of the Strait of Hormuz, a vital maritime corridor through which approximately 20 percent of the world’s oil and liquefied natural gas is transported.
This disruption has sent energy prices soaring and heightened global concerns over fuel security. – March 27, 2026