Petrol

Vietnam rushes biofuel rollout as Iran war prompts energy pivot

The move follows similar drives in Indonesia and Thailand

Malaysia heavily subsidises retail fuel prices, making them politically sensitive and a key tool for managing living costs.

Malaysia’s fuel subsidy bill swells to RM7 billion in April

RON95, the most popular grade of petrol, retails at RM1.99 a litre, among the lowest in the world

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

The Philippines’ measured response shows how governments are balancing relief for sectors hit by higher commodity prices due to the Iran war.

Philippine economic managers oppose tax halt on diesel, petrol

Oil prices have whipsawed on daily developments in the war

The average price for regular petrol at US service stations has exceeded US$4 per gallon for most of April, according to data from GasBuddy.

Trump says petrol prices may remain high through November midterm election

Polls show the war is unpopular among most Americans who are frustrated by rising petrol prices

ExxonMobil is scheduled to release its complete quarterly results on May 1.

Exxon sees 6% of its worldwide Q1 output shut on Middle East conflict

Half of those outages are concentrated at a liquefied natural gas complex in Qatar

If the Iran war drives up food import prices, consumers should start looking closer to home.
COMMENTARY

‘Never waste a crisis’: Putting Iran war price pressures to good use

If higher fuel and energy prices drive lasting behavioural change, Singapore will be better off in the long run

Despite the government’s push for digital transparency, Cnergy is absent from the Price Kaki app.

How discounts, deals are helping petrol players counter Cnergy’s low pump prices

Listed prices show gaps of more than S$1 a litre, but discount combinations can bring that down to cents

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

Taxes can make up about 38% of the retail price of RON95 petrol in Vietnam, according to industry estimates.

Vietnam acts fast to shield firms, households from fuel price surge

The government eliminates more taxes on petrol, diesel and jet fuel in an emergency move