diesel

Empty oil pumps at a Shell petrol station that ran out of fuel in Sydney on Mar 30. Australia has its highest fuel stocks in 15 years, but they are still far below International Energy Agency recommendations of 90 days.

Australia to halve tax on fuel, underwrite spot cargoes

The measures are expected to cost the government A$2.55 billion

Malaysia’s monthly subsidy bill for petrol and diesel has jumped to RM3.2 billion from RM700 million previously.

Malaysia plans to cut subsidised fuel quota, The Edge says

The country has enough petroleum products to last through at least May

Prices of petrol and diesel have both jumped, according to Australian Institute of Petroleum data, adding to economic pressures.

Australia fuel shortages expand to hundreds of service stations

The country biggest supplier, South Korea, has already said that it will cap some exports

China has taken a number of steps to soften the impact of the war, including tightening curbs on fuel exports and limiting price hikes on domestic petrol and diesel.

Sinopec to prioritise China’s fuel supply as pressures mount

Beijing has built up an estimated 1.4 billion barrels in stockpiles that could be tapped if disruptions persist

In its desperation to hold down WTI, the White House is throwing everything at the problem, including the kitchen sink.

White House is using the wrong oil price for Iran war

What matters for the US economy is not the price of WTI, but the cost of refined petrol products

To help private-hire car drivers navigate the fuel hikes, ride-hailing platforms told ST that they have put various measures in place.

Across land, sea and air, fuel price hikes drive up costs for passengers and operators in Singapore

Some private-hire car drivers have found ways to circumvent the high fuel costs

Some gas stations have run out of fuel, while others only allow sales to vehicle operators.

Fuel shortages disrupt Thailand’s sacred Buddhist funeral rites

Thai authorities insist the country has enough supplies to cover about three months of demand

China has a vast refining sector, but much of its production is funnelled to serve domestic demand, meaning it is not a critical supplier.

China tells top refiners to halt diesel and petrol exports

Across Asia, the country ranks third for seaborne exports, behind South Korea and Singapore

The Paris prosecutors’ office have accused Fiat of aggravated fraud.

French prosecutors demand Fiat face trial in diesel scandal

[PARIS] French prosecutors have demanded Italian car maker Fiat face trial on fraud charges over the emissions-tampering scandal that struck German giant Volkswagen, a source told AFP on Wednesday.