Prime Minister Anwar Ibrahim will outline a strategic oil supply continuity plan as Iran‑Hormuz conflict threatens Malaysia’s reserves.
Government expects to spend about 7 billion ringgit on fuel subsidies in April, a ten‑fold rise from pre‑conflict levels.
Petronas is finalising new international suppliers and Malaysia aims to shift to B15 biodiesel by June 1 to extend diesel supplies.
ASEAN discussions on regional energy reserves are underway, but frameworks for collective storage remain under development.