Malaysia will continue to maintain petroleum stocks at safe and sufficient levels throughout the second half of 2026, with the government confident that existing measures are enough to safeguard domestic fuel supply despite ongoing geopolitical uncertainties.
In a written reply published on the Parliament website on Wednesday, the Ministry of Economy said the country’s oil and fuel supply remained stable and adequate as of June 2026 following phased government interventions introduced after disruptions in the Strait of Hormuz began on Feb 28.
The ministry said Malaysia’s energy security for the July to December 2026 period would continue to be supported through a combination of diversified import sources, greater use of domestically produced biodiesel and long-term supply agreements.
“This multi-layered approach provides Malaysia with a high degree of flexibility and resilience,” the ministry said.
It added that mitigation measures also include tighter enforcement against leakages as well as continuous monitoring using data-driven systems to ensure supply stability.
The ministry noted that although Brent crude oil prices had retreated from a peak of US$144.50 per barrel in early April to US$99.29 per barrel between June 1 and 5, reflecting improving market sentiment amid peace negotiations, the government remains cautious.
It said physical supply constraints and declining global inventories continue to pose risks that cannot be overlooked.
Throughout the crisis, the government has remained committed to ensuring adequate supplies of essential fuels, keeping prices under control and shielding consumers from volatility in global energy markets, the ministry added.
The written reply was issued in response to a question from Datuk Seri Hamzah Zainudin (PN-Larut), who sought an update on Malaysia’s petroleum and fuel supply security for the July to December 2026 period, including projected stock levels and the government’s mitigation measures following ongoing global geopolitical tensions.
