Malaysia's Fuel Supply Stable Till September Amid Energy Crisis
The Malaysian government has assured that the country's fuel supply will remain stable until September, despite concerns over the global energy crisis. According to Datuk Seri Azalina Othman Said, Minister in the Prime Minister's Department (Legal and Institutional Reform), the supply of petrol and diesel at Petronas gas stations nationwide is expected to be sufficient.
The government has been working to ensure that the country's fuel needs are met through its publicly listed subsidiary Petronas Dagangan Bhd. Azalina stated that efforts continue to be made to obtain crude oil supplies from exporters other than West Asia, such as from West Africa and the Americas.
Malaysia's crude oil reserves are estimated at 3.89 billion barrels of oil equivalent, while the estimated total natural gas reserves are as much as 13.19 billion barrels of oil equivalent, according to Petronas. Based on these reserves, the estimated lifespan of each reserve's production is over 20 years.
The government has also been monitoring the situation closely through the Crisis Management Task Force (CMT) under the National Economic Action Council (NEAC), which aims to ensure supply security and control prices.