BUKIT MERTAJAM: Malaysia will continue to hold the RON95 petrol price at RM1.99 per litre despite surging global oil prices, with supply expected to last until May, says Datuk Seri Anwar Ibrahim.
The Prime Minister said disruptions to global oil supply routes and facilities due to escalating tensions in the Middle East have driven prices up worldwide, with some countries seeing pump prices exceed RM10 per litre.
“Based on current projections, we can sustain this until about May.
"We are also increasing gas production to cushion the impact,” he said, adding that the government has been holding daily monitoring meetings, including at the Cabinet and National Security Council levels, as well as discussions with PETRONAS.
Anwar said Malaysia has so far managed to maintain stability due to careful planning, but warned that the broader economic outlook remains challenging, with rising costs affecting sectors such as fertilisers and food production.
“It is alright to have complaints, but we must focus on solutions.
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"This is not the time for excessive politicking when the global economy is under pressure,” he told some 300 people at the Permatang Pasir Community Hall on Friday (March 20).
Speaking on the eve of Hari Raya Aidilfitri, Anwar also urged Malaysians to be prudent ahead of the festive season and called for moderation in spending and greater support for those in need.
“Spend wisely. If you have extra, help those who are struggling.
"Do not assume current stability will last forever,” he said.
Anwar also stressed the importance of unity and stability at home, warning that even small disputes could escalate if not addressed quickly.
“We have seen in other countries how small conflicts can destroy a nation, the economy collapses, people lose jobs and lives are lost.
"We must not allow that to happen here,” he said.
Touching on domestic issues, he urged all communities to resolve differences through dialogue and within the rule of law, noting that dissatisfaction among groups is normal but must not be allowed to spiral into conflict.
Earlier, Anwar joined some 200 locals in the community and performed prayers at Masjid Jamek As-Syakirin in Kampung Pelet before visiting several villagers in the area ahead of Hari Raya.
