fuel

Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?

With domestic pump prices continuing to rise, calls for state intervention are growing

Europe is heavily reliant on imported jet fuel because many of its oil refineries have shut down in recent decades.

European airlines face fuel shortages within weeks

Europe is by far the biggest consumer of jet fuel shipped through the Strait of Hormuz

The move is intended to reduce dependence on petroleum products that are becoming increasingly expensive as the Iran war disrupts global oil and gas supplies.

Vietnam rushes biofuel rollout as Iran war prompts energy pivot

The move follows similar drives in Indonesia and Thailand

The broader issue for Malaysia may be whether refinery runs, imports and regional flows remain smooth enough to prevent a squeeze later in the quarter.

Petronas calms Malaysia fuel fears, but supply risks remain

State-owned oil giant says fuel supply across its nationwide station network had been secured till end-June

Malaysia government’s spending has ballooned as it maintains subsidies to keep retail pump prices low.

Malaysia to boost biodiesel use to cope with Middle East conflict fallout 

Finance ministry will spend RM7 billion on subsidies in April, including for petrol and diesel

Malaysia’s government is under pressure to contain rising living costs and manage a swelling subsidy bill due to higher oil prices.

Malaysia has fiscal room to support industries amid Iran war

The nation’s monthly subsidies for both petrol and diesel have climbed to RM6 billion, from RM700 million before the conflict

Diesel and petrol prices in the Philippines have more than doubled since the start of the Middle East conflict.

Philippine President Marcos suspends taxes on fuel products

The temporary tax reduction cuts LPG prices by 3.36 pesos per kg

PM Anthony Albanese (above) and Foreign Minister Penny Wong are due to meet with Sultan Hassanal Bolkiah in Brunei and Prime Minister Anwar Ibrahim in Malaysia.

Australia PM to visit Brunei, Malaysia in renewed fuel diplomacy amid Iran war

Ties with Asean are even more important as US foreign policy grows increasingly unpredictable under US President Donald Trump

“June and July will be a very critical period in ensuring fuel supplies are available,” says Economy Minister Akmal Nasrullah Mohd Nasir.

Malaysia faces ‘critical period’ for fuel by June, minister says

The government is taking steps to diversify its fuel sources and strengthen ties with major trading partners