He said the new approach enables the company to respond more swiftly and effectively to any supply chain disruption.

The adjustment in the planning horizon forms part of immediate mitigation measures implemented in response to rising global geopolitical risks.

“Our forward-looking approach has now been shortened from three months to 45 days to enable us to address supply issues more quickly,” he said in an interview with RTM tonight.

Tengku Taufik said Petronas has strengthened operational readiness across the entire energy value chain, from crude procurement and refining to logistics and distribution of products like petrol, diesel, liquefied petroleum gas and jet fuel.

“At the downstream level, particularly in refining operations, we are also reviewing the timing of maintenance work to ensure operations remain optimal in the event of prolonged disruptions.”

While Malaysia has enough domestic fuel supply to last until the end of May, he said efforts are being intensified to ensure continued supply beyond that period, with negotiations for supplies from alternative sources at a relatively advanced stage.

Tengku Taufik said uncertainty in the global energy system is not new but has become part of a reality that must be managed collectively by governments, industry players and international partners.

He said that since its establishment in 1974, Petronas has weathered multiple global crises, including the Suez Crisis, the 1973-1974 energy crisis, and the Iran-Iraq War.

“Every crisis has been associated with price spikes. However, Petronas’s core role remains the same: to ensure a stable energy supply and prepare the country for any uncertainties,” he said.