Malaysia steps up enforcement to curb fuel smuggling amid Mid-East tensions
The Straits Times
Prime Minister Anwar Ibrahim had said the government would do its utmost to maintain the price of RON95 at RM1.99. Read more at straitstimes.com.
KUALA LUMPUR - Enforcement and monitoring at Malaysia’s borders will be stepped up to curb fuel smuggling, following the rise in global oil prices due to tensions in the Middle East, Malaysian authorities said.
Domestic trade and cost of living Minister Armizan Mohd Ali said his ministry would intensify Ops Tiris to ensure fuel supplies are not smuggled out to neighbouring countries.
“Global oil prices have risen significantly now, exceeding US$100 (S$126) per barrel (as of March 9). The risk of smuggling will remain as industrial prices will increase in line with market prices.
“When compared with fuel prices in neighbouring countries that do not have subsidies, there is a fairly high tendency for smuggling to occur. That is why we will strengthen our enforcement,” he said at a press conference.
Tensions in the Middle East have escalated since Feb 28 following attacks by Israel and the United States on Iran, followed by retaliatory strikes by Teheran against US interests in Gulf countries.
Prime Minister Anwar Ibrahim had said the government would do its utmost to maintain the price of RON95 at RM1.99 (S$0.64) per litre so that it does not burden the people.
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