Kuala lumpur: The Ministry of Finance is actively exploring strategies to maintain stable oil prices despite the rising global crude oil prices, which have now exceeded US$100 per barrel. Political Secretary to the Minister of Finance, Muhammad Kamil Abdul Munim, highlighted the potential impact of the ongoing conflict between Iran and the United States on the global oil supply chain, which could threaten economic stability for many countries, including Malaysia.

According to BERNAMA News Agency, Muhammad Kamil expressed the government's commitment to closely monitor these developments to ensure that economic planning remains adaptable and prepared for potential fluctuations. He assured that the current situation is stable but acknowledged the possibility of implementing significant measures to maintain local economic stability.

During a press conference at the Motorcycle Handover Ceremony under the Sejahtera MADANI Initiative, Muhammad Kamil emphasized the government's focus on ensuring the supply of essential goods such as meat, chicken, rice, and sugar remains unaffected by any disruptions in air or sea routes due to the Middle East conflict.

Addressing concerns about potential price increases for goods if oil prices continue to rise, Muhammad Kamil stated that the Ministry of Finance is evaluating methods to keep oil prices stable. He acknowledged that if prices surge significantly beyond control, adjustments might be necessary, but reiterated the government's efforts to manage prices effectively.