fuel

Small Japan firms say high procurement costs biggest hit from Middle East war: survey

Rising fuel and petrochemical prices affect 70 to 80%, supply disruptions for petrochemicals hit over 50%

Long queues have already been observed at many pump stations across the country as motorists switch from Pertamax to Pertalite.

Shock at the pump: Indonesia’s Pertamax price hike fuels cost worries for middle class

The price hike has been long in the making, driven by a 50% surge in global oil prices since the Iran war

Chinese travelers are changing the way they travel: rail journeys grew by about 10% year on year in March and April.
NEWS ANALYSIS

China learns to live on less fuel, to the relief of oil markets

Steep drop in fuel use by top oil buyer eases war-induced crunch

India’s biggest airline IndiGo called the intervention a timely and welcome relief for the sector.

India earmarks 100 billion rupees to guard airlines from fuel shocks

The government is capping prices at 75.60 rupees a litre for domestic carriers

Qatar Airways' profit dropped about 10% to 7.08 billion riyals (S$2.5 billion) in the latest financial year.

Qatar Airways to skip staff bonuses due to Iran war impact

The carrier has been the most impacted airline in the region by number of suspended flights

State-owned refiners, including Indian Oil, are also discussing whether to raise jet-fuel prices in June by up to 25% for domestic flights, sources say.

Indian airlines plead with oil majors to postpone jet-fuel hikes

Their proposal is under consideration by the refiners, sources say

The subsidised price has remained unchanged at RM1.99 per litre since the Iran war started on Feb 28.

Malaysia mulls further fuel subsidy cuts even as election looms

The move comes as the country faces a sharp increase in fuel subsidy spending

Philippine President Ferdinand Marcos Jr says: “The ultimate reason for having this maritime centre is not to confront or somehow push back on any single force or any single country.”

South-east Asia boosts maritime ties to avoid Hormuz-like crisis

Asean will set up ‘a central repository for maritime issues and maritime policy’ that will guide the bloc

The area around Singapore and southern Malaysia is a major fuel refining and storage hub for Asia.

New Zealand eyes fuel storage options in Singapore and Malaysia

The government data shows fuel stocks have declined slightly, with less than 50 days of demand cover for petrol and diesel

Despite being a major producer and exporter of energy, Australia sources the vast majority of its refined fuels from overseas.

Australia unveils A$10 billion fuel security plan push after Iran war supply shock

The country holds among the lowest stockpiles in the developed world