THE domestic economy and supply of essential goods remain stable and have not been significantly impacted by the escalating conflict in West Asia.
Consumers are advised to remain calm, avoid panic buying, and manage their spending prudently to reduce wastage.
Federation of Malaysian Consumer Associations chief executive officer Dr T. Saravanan said the conflict could affect global oil prices and supply chains, but its impact on local consumers is usually gradual.
“At this stage, we have not seen any major price increases directly linked to the conflict,” he told Bernama.
He credited the Ministry of Domestic Trade and Cost of Living for maintaining market stability by monitoring prices and intervening to ensure goods remain available and reasonably priced.
Saravanan cautioned that the war has started to push crude oil prices higher, which could eventually affect transportation costs and goods prices if prolonged.
Prime Minister Datuk Seri Anwar Ibrahim assured that oil supplies in Malaysia remain under control, with subsidised RON95 fuel maintained at RM1.99 per litre.
He said the government will continue monitoring developments and plan measures to safeguard the interests of the people and the country.
Deputy Prime Minister Datuk Seri Fadillah Yusof and the ministry have been tasked with meticulous monitoring and stricter action to prevent oil leakage and smuggling.
Saravanan hopes the government is prepared with proactive measures to face any potential increase in the cost of living.
He encouraged consumers to plan spending carefully by prioritising basic needs to avoid financial pressure.
“At this stage, consumers do not need to panic as supplies and prices are still stable,” he said.
Consumers are advised to shop wisely, avoid panic buying, and report any unreasonable price increases to the authorities.
Wadah Pencerdasan Umat Malaysia secretary-general Azizuddin Ahmad said the government’s initial measures to control the economic situation are appropriate.
“It shows the government’s high level of readiness and concern in ensuring the country’s economy remains preserved,” he said.
He said monitoring and tightening control of basic necessity prices are important to alleviate the people’s burden.
Azizuddin added that the government’s commitment to stricter action against smuggling and hoarding is a preventive step that needs support.
“WADAH is confident and believes that the announced preventive measures can serve as a strong initial barrier in facing the possibility of a global economic recession,” he said.
The group also hopes the government will continue transparent communication with all stakeholders to ensure smooth policy implementation. – March 13, 2026
