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Malaysia
This Week in AsiaEconomics

Malaysian minister warns of ‘very, very serious’ energy crisis

Anthony Loke urges Malaysians to plan their travel and reduce resource wastage, saying energy supply would not be disrupted until May

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A man fills his car with petrol in Port Dickson, Negeri Sembilan, Malaysia. Photo: EPA
SCMP’s Asia desk
The Malaysian government has entered “crisis mode” in response to the ongoing global energy supply disruption, its transport minister has warned.

“This is not a laughing or joking matter. It is a very, very serious matter,” Transport Minister Anthony Loke said on Tuesday, as quoted by the New Straits Times newspaper. “For the past month, energy costs have risen by more than 100 per cent.”

According to news website Free Malaysia Today, Loke said: “Even though at this moment our lights are still on and petrol stations are operating normally without supply concerns, this is something Malaysians cannot take lightly because the impact is felt worldwide.”

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Global fuel shortages have been brought on by Iran’s effective closure of the Strait of Hormuz in retaliation for US-Israeli strikes that began on February 28.

While Malaysians had not noticed any changes yet, Loke said that “we cannot take things for granted, because sooner or later, we will feel the impact”.

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He said that although Malaysia produced its own oil, it was still dependent on global markets and external supply chains.
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