Search
Close this search box.

West Asia Conflict Spurs Urgent Meeting to Tackle Fuel Price Surge

Kuala lumpur: The Ministry of Transport (MOT) has held a meeting with airline management, airport operators, jet fuel suppliers, and aviation sector authorities to coordinate measures to address the impact of the West Asia conflict, which has caused global fuel prices to soar. Transport Minister Anthony Loke said the meeting discussed short-term measures to ensure air cargo transport services for goods such as food can continue to operate despite increasingly challenging conditions, particularly ahead of the Aidilfitri celebrations.

According to BERNAMA News Agency, in a Facebook post, Loke stated that MOT will also engage with airport authorities and relevant stakeholders to support the sustainability of local airlines. 'MOT also acknowledges the challenges faced by airlines. As fuel costs account for nearly half of operational expenses, airlines may need to suspend certain flight operations if fuel prices continue to rise,' he said.

He mentioned that airlines will share data with aviation authorities to enable a more comprehensive risk assessment. Loke added that all parties at the meeting agreed to hold weekly meetings as the crisis in West Asia remains uncertain and requires swift action should there be any new developments.

At a special press conference, Prime Minister Datuk Seri Anwar Ibrahim revealed that the conflict in West Asia had disrupted oil supplies from the Strait of Hormuz, with more than 400 tankers estimated to be stranded and Brent crude prices reaching USD119 per barrel on March 9.

Recent News

ADVERTISMENT