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Mon, 09 Mar 2026

Mon, 09 Mar 2026 Asia governments to cap fuel prices as oil costs jump

The price of crude has surged above $100 on concerns about shortages due to supply disruptions.

* South Korea: + Set limits on fuel prices + Swiftly implement a price cap on petrol products + Expand financial markets stabilisation programme if necessary
* Thailand: + Cap the price of diesel for 15 days + Urge people not to stockpile fuel
* Vietnam: + Temporarily remove taxes on fuel imports
* Philippines: + Implement new measures aimed at saving energy, including a four-day working week for most public offices (except critical services)
* Bangladesh: + Shut universities from Monday to save energy