The National Energy Policy was formulated to achieve the following objectives:
- Ensuring adequate, secure, quality and cost-effective supply of energy;
- Promoting efficient utilization of energy; and
- Ensuring factors pertaining to environment protection are taken into consideration in the production and utilization of energy.
In support of the above policy, the National Depletion Policy was formulated with the aim of conserving energy resources, particularly oil and gas. Meanwhile, the Four-Fuel Diversification Policy was broadened to incorporate renewable energy as the fifth fuel to supplement supply from conventional energy sources, namely oil, gas, coal and hydro.