KUALA LUMPUR: The government will maintain the subsidised RON95 price despite rising global oil prices linked to ongoing international conflicts, Economy Minister Akmal Nasrullah Mohd Nasir said.

He said conflicts typically trigger sharp spikes in crude oil prices, but the government continuously monitors key indicators, including petroleum and gas prices, to safeguard domestic market stability.

"When a conflict occurs, there will indeed be a sudden surge or significant change in crude oil prices. However, the market and industry participants will also work to normalise the situation.

"At the ministry level, we closely monitor Brent prices and related indicators," he told reporters at the OGSE100 CEO Forum here today.

Akmal said the current targeted subsidy mechanism allows the government to keep fuel prices at reasonable levels for the public, even amid fluctuations in global crude oil prices.

He added that the fiscal allocation and subsidy implications are thoroughly assessed by the Finance Ministry to ensure the country's financial position remains sound.

"Historically, when crude oil prices exceed a certain level, revenue earned by national oil companies such as Petronas increases.

"At the same time, however, the government's subsidy burden may also rise," he said.

In this regard, he emphasised that Prime Minister Datuk Seri Anwar Ibrahim's commitment is clear, decisions on domestic policy will be made cautiously and based on data.

He said current market developments do not signal any drastic policy changes, including adjustments to the domestic RON95 price.