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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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ING: Asia’s outlook under higher oil prices
While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerable.
Around 70% of India’s crude oil imports now bypass Hormuz
India now sources approximately 70% of its crude oil imports via supply lines that bypass the Strait of Hormuz, significantly cutting the country’s exposure to disruptions resulting from the prevailing tensions in the Middle East.
Myanmar trials digital verification for fuel purchases
Myanmar will begin testing a QR code system for fuel purchases in a bid to cut long queues at petrol stations.
Nearly 2,000 Cambodian petrol stations shut amid fuel shortages
Nearly 2,000 fuel stations in Cambodia have temporarily closed due to a shortage of petrol and diesel, prompting government action to stabilise supply.
India negotiates with Iran for safe passage of fuel carriers
According to a March 12 2026 press briefing by India's Ministry of External Affairs, minister in charge, Dr. S. Jaishankar, has held three separate conversations with Iran’s Foreign Minister Seyed Abbas Araghchi.
Sri Lanka defends decision to hike fuel prices
Sri Lanka’s government has defended its decision to sharply raise domestic fuel prices, saying the move was necessary to discourage excessive consumption and prevent a potential supply shortage.
Philippines braces for another fuel price rise
Authorities in the Philippines are forecasting a subsequent rise in petroleum costs for the upcoming week, citing persistent instability across global energy markets.
Cambodia keeps electricity prices stable despite fuel pressures
Cambodia’s government is absorbing higher electricity production costs to keep power prices stable despite the global fuel crisis.
South Korea to impose temporary fuel price cap system
South Korea will introduce a temporary ceiling on fuel prices starting at midnight in an effort to ease the financial burden on consumers and businesses following a sharp rise in oil costs linked to tensions in the Middle East.
Medco Energi secures $100mn loan facility from HSBC Singapore
PT Medco Energi Internasional Tbk has obtained a $100mn loan facility following the signing of a financing agreement with HSBC’s Singapore branch on March 10
Oil price tops $100 a barrel - again
Brent crude rose almost 9% in early Asian trading, surpassing $100 a barrel, despite the International Energy Agency (IEA) announcing late on March 11 that all 32 member countries would release up to 400mn barrels of oil.
Pertamina Hulu Rokan begins tender collusion case hearing
Indonesia’s Business Competition Supervisory Commission (KPPU) has begun hearings into the alleged tender collusion case linked to the procurement of geomembrane materials by PT Pertamina Hulu Rokan (PHR)
China largely insulated from global energy price shocks
Although China is the world’s largest net oil importer and a major purchaser of Iranian crude, several factors mitigate the impact on its economy.
Washington to open strategic oil reserves, release 172mn barrels
The United States will release 172mn barrels of oil from its emergency stockpiles starting in the week as part of an effort to curb rising energy prices following the outbreak of war.
India prioritises domestic gas supply for city gas network
The Indian government has instructed gas distributors to prioritise domestic natural gas and regasified LNG supplies for the city gas distribution (CGD) network.
Philippines advances bill allowing temporary fuel tax relief
The House of Representatives of the Philippines has approved on second reading a proposal that would permit Ferdinand Marcos Jr. to temporarily suspend or lower excise duties on petroleum products during periods of economic crisis.
Seoul to release 22.46mn barrels from oil reserves
South Korea will release 22.46mn barrels of crude oil from its strategic petroleum reserves as part of a coordinated plan by members of the International Energy Agency to supply 400mn barrels to global markets.
Vietnam fuel prices climb again despite stabilisation fund intervention
Fuel prices in Vietnam rose again on March 11, despite the government drawing on its fuel price stabilisation fund to soften the impact of global oil market turmoil.
Cambodia Spends $606mn on fuel imports in early 2026
Cambodia’s spending on imported fuels and oils dropped sharply in early 2026, reflecting both market adjustments and growing domestic energy capacity.
Vietnam promotes EV shift as fuel prices surge
Vietnam’s largest private conglomerate has launched incentives to encourage drivers to switch to electric vehicles as global fuel prices remain volatile.
Myanmar residents burned during cross-border fuel transfers
Two people were injured in separate fire incidents linked to fuel shortages in the Myanmar border town of Myawaddy, rescue workers said.
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