Middle East conflict now impacting natural gas, coal prices, says minister
JOHOR BARU: The Middle East conflict, which has affected global energy supplies since March, is now impacting other energy sectors in the country, including natural gas and coal.
The Middle East conflict, which has disrupted global energy supplies since March, is now having an impact on various energy sectors in the country, according to Economy Minister Akmal Nasrullah Mohd Nasir. This lagging effect, once more evident in the petrol market, has now affected electricity consumers who consume more than 600 kilowatt-hours (kWh) per month.
Nasir stated that the impact has extended to natural gas, coal, and other commodities as well. At a press conference, he emphasized that the majority of consumers using less than 600 kWh per month remain unaffected by the supply price shifts or fuel costs under the current tariff structure. Prime Minister Datuk Seri Anwar Ibrahim is set to convene a special meeting today to evaluate and address the issues stemming from these developments, potentially exploring alternative mechanisms to mitigate the impact of global energy supply costs on the public.
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