Malaysia Assures Sufficient Petroleum Stock Through End of 2026

Malaysia's government has affirmed its commitment to ensuring adequate petroleum reserves for the second half of 2026, stating that national oil and fuel supplies will remain sufficient and controlled through December.

These assurances come in the wake of proactive government measures implemented since February 2026, following disruptions in the Strait of Hormuz. These actions have successfully maintained domestic oil and fuel availability to meet the nation's needs.

While the price of Brent crude oil has seen a decrease from its peak of $144.50 per barrel in early April 2026 to $99.29 per barrel between June 1-5, 2026, reflecting positive market sentiment due to peace negotiations, the Ministry of Economy acknowledges that global supply constraints and declining inventories persist.

In response to a parliamentary question from Datuk Seri Hamzah Zainudin, the ministry reiterated its dedication to ensuring basic supplies remain sufficient, prices stable, and the public protected from the volatility of the global market throughout the crisis period.