PETALING JAYA: Economists have urged caution over proposals to limit RON95 petrol purchases for Malaysians following the Iran-US conflict, warning that administrative controls could trigger unintended consequences such as panic buying and supply distortions.
Although global tensions and potential disruptions to key shipping routes such as the Strait of Hormuz could affect oil markets, they said Malaysia is unlikely to face an immediate physical shortage of petrol.
However, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the government should explore various options to safeguard fuel supply, given Malaysia’s
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