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Malaysia's monthly fuel subsidy expenditure hit RM7.5 billion in April as geopolitical tensions in West Asia drove up global crude prices, though costs have since eased with the recent oil price decline.
Japan is mobilising an extra US$19 billion to tackle surging energy expenses. Prime Minister Sanae Takaichi confirmed the funds target household and business relief from climbing petrol, electricity and gas rates.
Bangladesh has launched a fresh bidding process for international firms to undertake oil and gas exploration, aiming to address severe fuel shortages stemming from Middle East supply disruptions.
Economy Minister Akmal Nasrullah Ahmad Nasir has pinpointed five manufacturing subsectors most vulnerable to the ongoing global supply crisis and energy challenges, citing widespread pressures on raw materials, logistics and cash flow across the industry.
The UK government has loosened sanctions on Russian crude oil, now allowing imports of refined diesel and jet fuel from third countries. The move comes as fuel prices reach their highest levels since 2022, driven by Middle East tensions and Middle Eastern supply disruptions.