Transport Ministry Engages Aviation Industry Over Rising Fuel Costs
KUALA LUMPUR — The Ministry of Transport (MOT) has held discussions with airline operators, airport authorities, jet fuel suppliers and aviation regulators to coordinate measures aimed at addressing the impact of rising global fuel prices.
The meeting was convened following escalating tensions in West Asia that have contributed to a sharp increase in fuel prices worldwide.
Transport Minister Anthony Loke said the discussions focused on short-term strategies to ensure that air cargo operations — particularly for essential goods such as food — can continue despite mounting operational challenges.
He noted that maintaining cargo services is especially important as demand for goods transportation is expected to rise ahead of the upcoming Hari Raya Aidilfitri celebrations.
In a Facebook post, Loke said the ministry will also work closely with airport authorities and industry stakeholders to ensure the sustainability of local airlines.
“MOT recognises the challenges currently faced by airlines. Fuel costs now account for nearly half of their operational expenses.
“If fuel prices continue to rise, airlines may be forced to suspend certain flight routes or operations,” he said.
Loke added that airlines would share operational data with aviation authorities to enable more comprehensive risk assessments and facilitate coordinated responses.
According to him, participants at the meeting also agreed to hold weekly discussions to monitor developments as the situation in West Asia remains uncertain.
Such coordination is necessary to allow swift responses should the situation evolve further.
In a related development, Prime Minister Datuk Seri Anwar Ibrahim said during a special press conference yesterday that the conflict in West Asia had disrupted oil supply flows through the Strait of Hormuz.
He noted that more than 400 oil tankers were reportedly stranded in the area, pushing Brent crude oil prices to US$119 per barrel on March 9.
-wilayah.com.my
