PETALING JAYA: Nearly 48% of Malaysia’s crude oil is produced domestically, while about 38% is imported via the Strait of Hormuz, underscoring the country’s dependence on the key but volatile shipping route.
According to PETRONAS, the remaining imports are sourced from other regions, including around 7% from South-East Asia, West Africa and other suppliers, and another 7% from West Asia and elsewhere.
Fuel supplies nationwide, however, remain adequate for now, with PETRONAS taking proactive steps to ensure stability amid disruptions along the key shipping route.
The national oil company said fuel supply at their stations is expected to remain sufficient until the end of May.
“Fuel prices remain under government control. Subsidies for RON95 petrol and diesel are still in effect,” it said in an infographic released on its official social media platforms.
According to PETRONAS, about 48% of the country’s petroleum product supply comes from the company, while the remaining 52% is provided by other oil firms in Malaysia.
Despite this, domestic production alone is insufficient to meet overall demand, with more than half of the crude oil processed at Malaysian refineries sourced from overseas.
This reliance on imported crude, particularly shipments passing through the Strait of Hormuz, exposes the country to supply risks when tensions escalate in the region.
As a result, key fuel products including petrol, diesel, liquefied petroleum gas (LPG) and jet fuel could face supply pressures if disruptions persist.
The Strait of Hormuz, one of the world’s most critical oil transit chokepoints, has come under strain following escalating tensions in the Middle East, affecting the smooth flow of shipments to major markets.
Disruptions along the waterway have begun to ripple across global energy markets, with delays reported in transportation and delivery of crude oil and refined fuels.
Meanwhile, data from the Finance Ministry shows that domestic oil consumption stands at about 700,000 barrels per day, nearly double Malaysia’s crude oil production of around 350,000 barrels daily.
The shortfall is covered through imports of roughly 350,000 barrels a day.
As such, Malaysia must continue to rely on imports to sustain demand for essential fuels, including petrol, diesel, LPG and aviation fuel, it said.
