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.  

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