fuel

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

Spirit also plans to move ahead with expedited sales of aircraft and equipment, with the flexibility to abandon some property and let the lenders and lessors reclaim it.

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

The low-cost carrier is the airline industry’s first casualty linked to the Iran war that has boosted oil prices

With the Iran war stretching into a third month, vital supplies of crude, fuels, food and fertiliser remain stuck on the wrong side of the Strait of Hormuz.

China allows state refiners to export some fuels to Asian buyers

The shipments, which would likely head to Vietnam, Laos and other nations, have already been loaded

Malaysia’s economy has shown resilience despite global supply chain disruptions, Economy Minister Akmal Nasrullah Mohd Nasir said.

Malaysia works to secure fuel supply beyond June: economy minister

The government still has the flexibility to administer its fuel subsidies while managing the fiscal deficit, he says

Metro Manila is phasing out ageing combustion-engine cabs that rely on curbside pickups and street-hailing.

Philippine taxis hit by fuel price hikes get electric lifeline from VinFast, Grab

Manila’s cab industry is turning a volatile energy crisis into an opportunity for modernisation