Price Caps, Rationing and Stockpiling: Alarm Swells Over Oil Shortages
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm. [Continue Reading]
WA regional petrol stations begin rationing fuel as Iran war hits home
Petrol stations in some WA towns begin restricting petrol sales to emergency services only, as impacts from the Iran war hit the state. [Continue Reading]
Bangladesh Implements Fuel Rationing Amid Ongoing Middle East Conflict and Energy Crisis
Bangladesh has initiated fuel rationing as the ongoing conflict in the Middle East, particularly the US-Iran war, exacerbates an existing energy crisis. The move follows notable tensions and military actions, including US and Israeli airstrikes targeting Iranian sites, causing increased panic and blame among Bangladeshi citizens. One incident reported a fatal altercation at a petrol station in Jhenaidah, where a confrontation over fuel access resulted in a man's death, highlighting the desperation of the situation. The country, which relies on imports for 95 percent of its oil and gas needs, faces significant supply chain disruptions. Following the attacks by the... [Continue Reading]
Bangladesh rations fuel as US-Iran war stresses energy supplies
Bangladesh began fuel rationing on Sunday as the war in the Middle East deepened an energy crunch, creating long queues at petrol stations and boiling over into anger. The country of 170 million people imports 95 per cent of its oil and gas needs. Following the US and Israeli attacks on Iran, and Tehran’s retaliatory strikes throughout the Gulf, the national oil company, Bangladesh Petroleum Corporation (BPC), restricted fuel sales for most vehicles. Authorities capped fuel purchases for several... [Continue Reading]
