Minister: War in Iraq won't hit fuel prices

  • Nation
  • Wednesday, 19 Feb 2003

SHAH ALAM: The outbreak of war in Iraq will not affect fuel prices, Domestic Trade and Consumer Affairs Minister Tan Sri Muhyiddin Yassin said here yesterday. 

He said this was because the Government, being considerate, reduced consumers' burden by subsidising petroleum prices.  

“We have been doing this all the time and will continue to do so unless there is a dire need to increase the prices,” he said after attending the “7th Malaysian Economic Consumer and Family Association” seminar at the Grand Blue Wave Hotel here yesterday. 

Muhyiddin said if there was a price increase, it would be introduced gradually to lessen the pinch on consumers.  

At present, he said, the Government had no plans to increase fuel prices. 

“I hope consumers will not be unduly worried about fuel prices if there is war in the Middle East,” he said. 

Muhyiddin also gave his assurance there would be no increase in transport fares.  

“We are preparing ourselves for the war situation (in the Middle East),” he said. 

Muhyiddin added the Government also had contingency plans to overcome any possible food shortage.  

He said large amounts of food items were being imported from all over the world to ensure continuous supply.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Nation

Melaka police to look into rationale of issuing compound to delivery rider
Teen among duo arrested in PPR Sentul fight
Hotel Equatorial Penang to shut down effective March 31
Health DG: 95 private hospitals agree to help manage Covid-19 cases
Covid-19: 58 Form Five, Form Six students in Sabah test positive
'Classic' of DAP to compromise principles to gain power, says MCA
Wanted scammer cheats woman out of RM2mil inheritance in Melaka
Covid-19: 13 news clusters reported, eight linked to workplaces
Economy will take time to recover, lockdown is last resort, says Azmin
Covid-19: Sarawak records 120 new cases, two deaths on Monday (Jan 25)

Stories You'll Enjoy