PETRONAS Monitors Malaysia’s Fuel Supply
- Nearly 40% of Malaysia's crude oil transits the Strait of Hormuz.
- Crude prices have risen about 40%, raising shipping, insurance and logistics costs.
- National fuel product demand exceeds domestic supply.
- PETRONAS holds nearly 50% market share (up to May 2026) and the government subsidises RON95 and diesel.
Supply risks
The West Asia crisis has raised crude prices by almost 40% and pushed up shipping, insurance and delivery-related logistics costs; nearly 40% of Malaysia's crude transits the Strait of Hormuz, which has affected national fuel supply security.
Demand and market
National product demand exceeds domestic supply; PETRONAS is securing petrol and diesel to support its roughly 50% market share (to May 2026) while other oil companies supply the balance; retail fuel prices are regulated through the Automatic Pricing Mechanism and the government subsidises RON95 and diesel, keeping local prices among the lowest in the region.
Public guidance
With the conflict's duration uncertain, PETRONAS urges more efficient energy use by industry and the public and advises against panic buying and hoarding of fuels.
Source: Petronas