Govt Moves To Boost Resilience, Ensure Energy Supply, Contain Costs - Akmal Nasrullah
KUALA LUMPUR, April 28 (Bernama) -- The government is not only focused on stabilising prices, but also on ensuring a secure energy supply and the availability of essential goods, said Economy Minister Akmal Nasrullah Mohd Nasir.
He said that the aim is to prevent sharp increases in costs for the public and to strengthen the country’s long-term economic resilience.
Akmal Nasrullah said the government will stabilise the supply of energy and critical inputs, including fuel, electricity, petrochemicals, fertilisers and raw materials for the industrial and construction sectors, while containing cost pressures on consumers.
“To build long-term economic resilience, efforts will focus on energy security, food security, the circular economy, biodiesel, bio-organic fertilisers, high-value-added industries and stronger domestic supply chains,” he said during an online briefing on the global supply crisis.
On global oil prices, Akmal Nasrullah said they remain in flux, although volatility has begun to ease.
“The price trend indicates that the global supply crisis remains real and could affect the oil, gas, petrochemical, fertiliser, food packaging, medical device and construction material sectors,” he said.
The minister added that close monitoring will continue to enable early and proactive mitigation measures to address potential impacts on energy costs and inflationary pressures should the upward trend persist.
In the event of prolonged disruptions, crude oil supply recovery is expected to take between three and 12 months, while damage to oil and gas infrastructure could take longer to restore.
Between April 20 and 24, 2026, the average global Brent crude oil (spot) price declined by 6.7 per cent to US$109.94 per barrel from US$117.84 per barrel in the previous week.
“However, a comparison between the opening and closing prices of Brent crude (spot) last week shows an increase of 6.5 per cent,” said Akmal Nasrullah.
On Monday (April 20), Brent crude (spot) opened at US$106.02 per barrel and rose to US$112.92 per barrel at market close on Friday (April 24).
Meanwhile, the Brent (spot) price yesterday (April 27) closed higher at US$113.34 per barrel compared with last Friday.
-- BERNAMA
