PETALING JAYA: Immediate steps must be taken to cushion the impact of rising global fuel costs on consumers amid pressure on the global energy market due to escalating tensions in the Middle East, says the Federation of Malaysian Consumers Asso­ciations (Fomca). “We support the call by Prime Minister Datuk Seri Anwar Ibrahim for Malaysians to brace for a more challenging global energy landscape. On Tuesday, Anwar said Malaysia’s economy remains resilient despite rising global uncertainties, with the government widening its “Plan B” measures to ensure continued stability and growth. Saravanan cautioned that a prolonged conflict would inevitably translate into higher fuel prices, electricity tariffs and increased costs of goods and services. As such, measures such as the Budi95 initiative, along with targeted subsidies and assistance, remain critical interventions to ensure that the rakyat are better insulated against global price increases, he added.

Source: The Star April 01, 2026 23:29 UTC