PETRONAS continues to closely monitor the nation’s fuel supply to help safeguard stability nationwide amid the ongoing West Asia crisis.

Even though Malaysia is an oil-producing nation, it is not fully insulated from the impact of the crisis. Nearly 40% of the country’s crude oil requirements transit through the Strait of Hormuz.

Since the onset of the crisis, crude oil prices have risen by almost 40%. Consequently, global shipping costs, insurance premiums and delivery-related logistics have also increased significantly. All these developments have impacted Malaysia’s fuel supply security.

On the product side, national demand continues to exceed domestic supply. To address this shortfall, PETRONAS leverages on its integrated value chain, working through its subsidiaries to secure sufficient petrol and diesel supply, to support its market share of nearly 50%, up to May 2026. The balance is being supplied by the other oil companies operating in Malaysia.

Retail fuel prices in Malaysia are regulated by the Government through the Automatic Pricing Mechanism. Despite global pressures, the Government provides subsidies for RON95 and diesel to cushion the impact on rakyat, making fuel prices in Malaysia currently among the lowest in the region.

PETRONAS will continue to work closely with the Government and relevant stakeholders to manage any potential disruptions and to prioritise the nation’s energy security and well-being. As the duration and full magnitude of the war in Iran remains uncertain, PETRONAS strongly advocates more efficient energy consumption by both industry and members of the public. The company would also advise members of the public to avoid panic buying and hoarding of fuels as this would worsen the impact of this crisis.

About Petronas

Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.