China eases planned fuel price hikes as Asia reels from energy crisis
By Gavin Butler
Published on March 24, 2026.
The local price of petrol has risen by about 20% since the start of the conflict, which has seen Iran effectively shut down one of the world's busiest oil shipping channels. The Philippines has ordered government employees to work four days a week, while Sri Lanka has designated every Wednesday as a holiday for public institutions. The situation has been exacerbated by the conflict.
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