DPM Fadillah: Even with ceasefire, M’sians may face higher fuel, transport costs within 2 months

Fadillah at the Jihad Bisnes 2026 programme held at Mutiara Hall, Tinggian Demak on Apr 6. Photo credit: Ukas

By DayakDaily Team

KUCHING, Apr 6: Malaysians may start feeling the impact of rising fuel and transport costs within the next two months, even if a ceasefire is reached in the Middle East, said Deputy Prime Minister Datuk Amar Fadillah Yusof.

According to a report by the Sarawak Public Communication Unit (Ukas), global energy supply will take time to stabilise due to severe damage to oil and energy infrastructure, with higher logistics and insurance costs likely to push prices up across multiple sectors.

“Higher global fuel prices will lead to increased costs for petrol, diesel and air travel, compounded by rising logistics and insurance expenses,” he said when addressing the Jihad Bisnes 2026 programme at Mutiara Hall, Tinggian Demak today.

He noted that while current domestic stock remains adequate, incoming supplies will reflect the new global pricing. The government is also considering targeted support for businesses, particularly small and medium enterprises, to help them manage rising operational costs, he added.

Fadillah, who also serves as Minister of Energy Transition and Water Transformation stressed that ensuring a steady supply of essential goods, including fuel and electricity is the government’s immediate priority.

“Understanding the situation and being prepared is crucial. We need to plan ahead so that we can manage whatever challenges arise,” he said, highlighting the need for proactive measures.

Any disruption in energy supply, he cautioned, could have wide-reaching impacts on households, businesses, and the nation’s transport network. — DayakDaily