Ministerial committee to tackle energy crisis, supply shocks from Middle East conflict: Shanmugam #CNA

Ministerial committee to tackle energy crisis, supply shocks from Middle East conflict: Shanmugam
The ministerial committee convened to respond to the ongoing Middle East conflict will focus not just on energy disruptions and rising fuel prices, but also on wider supply shocks, as well as security and diplomacy issues arising from the conflict, said Coordinating Minister for National Security K Shanmugam on Saturday (Apr 4).

Outlining the broad scope of the Homefront Crisis Ministerial Committee (HCMC), which was convened by Prime Minister Lawrence Wong to coordinate Singapore’s response to energy disruptions, Mr Shanmugam gave the example of how, beyond fuel prices, there could be “inevitable price rises” for food and other products affected by supply disruptions.

“One obvious area related will be food because we import everything. Fertiliser prices have to go up. And the cost of bringing those food products, transportation to Singapore, that will go up. It will have an impact,” he said, adding that parliament will discuss the committee’s efforts in more detail when it sits next week. #singapore #sgnews #middleeastconflict #usiranwar

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