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Malaysian home minister instructs to refine border petrol station deployment following smuggling issue
Home Minister Saifuddin Nasution Ismail on April 13 urged the Royal Malaysian Police (PDRM) to tighten standard operating procedures (SOPs) for the deployment of personnel to petrol stations near national borders
Malaysia Maritime Enforcement Agency detains two tankers in $1.37mn illegal diesel seizure
The Malaysia Maritime Enforcement Agency (MMEA) detained two tankers suspected of illegal ship-to-ship (STS) diesel transfers off the coast of Penang on April 11
Philippines secures 52mn litre diesel shipment from Malaysia
The Department of Energy has confirmed the arrival of a second state-procured diesel consignment in the Philippines, injecting 52.311mn litres into local stocks as a protective measure against global market instability.
Shell emerges as India’s largest supplier of LNG
Seeking to keep its fertiliser plants running, India has shifted to Shell as its number one supplier of LNG with QatarEnergy sidelined.
Japan’s Tosoh set to restart ethylene plant
The restart, originally scheduled for April 20, was delayed due to uncertainty over securing naphtha.
Petrovietnam upgrades regasification capacity at Thi Vai LNG terminal
State-run Petrovietnam Gas has raised its regasification capacity at the company’s Thi Vai LNG terminal.
Singapore rejects Strait of Hormuz safe passage toll fee
Foreign Affairs Minister Vivian Balakrishnan has declared that Singapore will not negotiate with Iran for safe passage or pay tolls for transit through the Strait of Hormuz, framing the move as a non-negotiable defence of international law.
South Korea sees 0.5% fuel hike from Hormuz fees
South Korean authorities anticipate that even if Tehran introduces a navigation tax for the Strait of Hormuz, the subsequent rise in local petrol costs would be restricted to approximately 0.5%, with a maximum possible increase of 1%.
Fuel price drop supports Thailand households and businesses
Thailand will reduce diesel prices by THB2.14 ($0.06) per litre from April 9, marking an unprecedented cut aimed at easing living costs.
Japan weighs further oil release
Resource-poor Japan depends on imports for almost all of its crude oil, with more than 90% sourced from the Middle East.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
Indonesian construction company WIKA Beton signs MoU for Alaska LNG project
PT Wijaya Karya Beton Tbk (WTON) is making a high-stakes leap into the North American energy corridor, confirming it has signed a Memorandum of Understanding (MoU) for a massive LNG infrastructure project in Alaska
Seoul cuts fuel bills by ending post-payment system
South Korea has abolished a controversial post-payment system for gas stations that has been blamed for driving up consumer fuel costs, the Korea Fair Trade Commission (KFTC) announced on April 9.
India welcomes West Asia ceasefire
Manila to secure fuel supplies during Middle East ceasefire
Philippine President Ferdinand Marcos Jr. intends to capitalise on a two-week cessation of hostilities in the Middle East to increase the nation's petroleum reserves, the president told Presidential Communications Undersecretary Claire Castro.
Bangladesh seeks more fuel from India as ties show signs of thaw
Bangladesh has sought to increase fuel imports from India during a high-level visit to New Delhi, signalling a possible easing of strained bilateral ties.
Windfall tax delay exposes Indonesia’s challenge in capturing commodity gains
Indonesia recently announced that it had delayed the rollout of its windfall tax proposal on coal and nickel exports. The country noted that the complexity of balancing fiscal needs with industrial policy is behind the delay
Vietnam fuel prices ease after global oil dip
Fuel prices in Vietnam fell on the afternoon of April 8, tracking a decline in global markets following a ceasefire in the Middle East.
Laos promotes electric vehicles while controlling essential goods
Laos has set out five key priorities to ease economic pressures on households and businesses, focusing on fuel, electric vehicles, prices, trade, and mining regulation.
Thai PM silent on refinery, fuel investigation
On April 7, Prime Minister Anutin Charnvirakul declined to comment on several matters, including refinery operations and an ongoing fuel probe. When asked about the two-week ceasefire between the United States and Iran, he responded only with a nod
Fuel crisis deepens Myanmar food security fears
Myanmar’s fragile economy is under growing strain as fuel and fertiliser shortages threaten food production at a critical time.
Korea secures additional 60mn barrels to bypass Hormuz closure
South Korea has arranged for an extra 60mn barrels of oil from alternative global suppliers for May 2026. The procurement replaces Middle Eastern shipments blocked by the ongoing closure of the Strait of Hormuz.
Sri Lanka unveils $320mn relief plan to cushion vulnerable groups from energy shock
Sri Lanka, on April 7, rolled out a record $320mn relief package aimed at supporting farmers, fishermen and low-income households most affected by rising energy costs linked to the Middle East conflict.
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