The surge in global crude prices is widely expected to raise inflation,
Widen india's fiscal deficit and hit growth.
Emkay research had predicted that if brent rises to 100 dollars a barrel,
The country's growth rate would fall to 6 percent,
From the above 7 percent pre-war baseline bets.

Anatomy of Fuel Prices in India | Surging Crude Hits Indian Refiners Hard

The Government of India has confirmed that there is no shortage of petrol or diesel in the country. Officials state that petrol pumps across India have sufficient supply, ensuring that citizens can access fuel without disruption.

Fuel Crisis: India Govt Assures No Petrol & Diesel Shortage | Fuel Supply Stable Nationwide

The West Asia crisis is reverberating across East Asia, with oil prices surging above $110 per barrel as supply disruptions intensify. The spike has left the region extremely vulnerable, as it is heavily dependent on imported crude, much of it sourced from West Asia. This has forced countries to take immediate measures to secure energy supply and shield citizens from soaring prices. From Japan to Myanmar, governments are responding in different ways as the region faces one of the most severe energy shocks in years.


Asian Countries Scramble to Secure Fuel Supply

The Indian government has reduced excise duty on petrol and diesel, offering relief to consumers amid rising fuel prices. The move aims to ease inflation and boost economic sentiment. Experts say it could impact government revenue while benefiting transport costs and daily expenses across the country.

India Fuel Crisis: India Slashes Excise Duty on Petrol and Diesel | Big Relief for Consumers

India Fuel Crisis: India Cuts Excise Duty on Petrol & Diesel | Big Relief for Consumers

India is witnessing widespread panic-buying of petrol and diesel as rumours of a fuel shortage spread nationwide. Long queues at fuel stations are reported across major cities, raising concerns about supply management and public safety.

India Fuel Crisis: Panic-Buying & Long Queues Amid Shortage Rumours

India’s government has reported that over 9,000 new Piped Natural Gas (PNG) connections were added within just 24 hours, marking a major push toward expanding cleaner household energy access across the country.


India Government Says Over 9,000 PNG Connections Reported in 24 Hours 

The Philippines has declared a national energy emergency as fuel supplies continue to run low. President Ferdinand Marcos Jr. warns of worsening shortages, raising concerns over power stability, economic impact, and public safety as the government scrambles to manage the growing nationwide crisis.

Philippines Declares Energy Emergency as Fuel Crisis Deepens Nationwide

The Philippines is feeling the ripple effects of the West Asia conflict, with fuel supplies tightening and prices under pressure. President Ferdinand Marcos Jr. has declared a national energy emergency, warning of serious risks to the country’s energy security. As global supply chains remain strained, the move highlights how far-reaching the impact of the ongoing crisis has become, extending well beyond the immediate conflict zone.


West Asia War: President National Emergency Declared In Philippines As Fuel Supplies Dwindle

The Indian government convened an inter-ministerial briefing to assess the evolving West Asia conflict. Officials discussed regional developments, energy security, and potential impacts on domestic supplies. Authorities assured that essential services and critical fuel supplies, including LPG and crude, remain stable while closely monitoring the situation for any necessary interventions.

Inter-Ministerial Briefing Updates India On West Asia Crisis And Fuel Stability

Narendra Modi reviewed the country’s fuel and gas supply situation amid rising global uncertainty linked to tensions in West Asia. The high-level meeting focused on energy availability, supply chain stability, and contingency planning to ensure uninterrupted access to petroleum products and LPG across India.


India: Prime Minister Modi Reviews Fuel & Gas Situation in the Country

Narendra Modi chaired a high-level emergency meeting to review India’s preparedness amid the escalating war in West Asia. The Prime Minister assessed the country’s fuel and gas supply situation, energy security risks, and contingency planning as regional tensions threaten global oil routes.


Breaking: PM Modi Chairs High-Level Meeting Amid War in West Asia 

The US-Iran war is sending shockwaves far beyond the Middle East, as disruption in the Strait of Hormuz triggers a severe fuel crisis across Africa. With oil shipments halted and tanker traffic collapsing, several African nations are facing shortages, rising prices, and panic buying. As global energy markets tighten and crude prices surge, the crisis highlights Africa’s heavy dependence on imported fuel and the far-reaching impact of the escalating conflict.


US-Iran War: Africa Hit by Fuel Panic as Strait of Hormuz Disruption Chokes Oil Supply

Authorities report a drone attack near Dubai International Airport struck a fuel tank, causing fires and raising safety concerns. The incident comes amid rising tensions in the Gulf and highlights the vulnerability of critical infrastructure to aerial attacks. Emergency services responded quickly to contain the blaze, and investigations are ongoing to determine the source of the attack and assess damage to the facility.


Gulf's Entire Oil Economy Under Iranian Crosshairs

The Liquefied Petroleum Gas (LPG) tanker Shivalik arrived at Mundra port in Gujarat on Monday (March 16) after safely crossing the Strait of Hormuz, amid ongoing tensions in West Asia. Two Indian-flagged LPG carriers, Shivalik and Nanda Devi, were granted transit through the strategic waterway by Iranian authorities. While Shivalik has reached Mundra, Nanda Devi is expected to arrive at Kandla port on March 17. Earlier, Rajesh Kumar Sinha, Special Secretary in the Shipping Ministry, had confirmed the vessels’ movement and the safety of Indian seafarers in the region.


Fuel Crisis: Indian LPG Tanker Arrives After Safe Sail Through Hormuz

Pakistan is experiencing a severe fuel crisis in March 2026, driven by Middle East conflict disrupting oil supplies, resulting in over 20% price hikes. Petrol prices exceeded PKR 320/litre, causing panic buying and shortages as the nation imports over 80% of its energy. The government has introduced austerity measures, including salary cuts and reduced official travel. 


Fuel Crisis: State of Pakistan's Economy Decoded

Countries are managing economies during war through emergency measures like energy price caps, fuel subsidies, and releasing strategic reserves to combat inflation and supply disruptions. Governments are diversifying energy sources, offering fiscal support to affected sectors, and using monetary policy to navigate soaring oil prices and market volatility. 


US-Iran War: How Are Countries Managing Their Economies Amid War

Sri Lanka is facing fresh fuel supply concerns as authorities raise prices by more than 8% to curb panic buying and stabilise supplies. The move comes amid rising demand and fears of shortages across the island nation.

The chairman of Ceylon Petroleum Corporation, D. J. Rajakaruna, urged the public to reduce non-essential travel and limit fuel consumption as the government works to manage limited reserves.

Fuel Crisis: Sri Lanka Hikes Fuel Prices Amid Panic Buying

Nigeria is facing a new fuel market controversy after authorities suspended import licences for several major oil companies to prioritise domestic gasoline supply. Officials say permits will only be issued if local production falls short under national energy laws.

The move comes as gasoline prices surge in Nigeria due to the ripple effects of the ongoing West Asia conflict, which has pushed global oil prices higher. Authorities say the policy aims to strengthen domestic refining and reduce reliance on foreign fuel imports.

Nigeria Suspends Fuel Import Licences As Prices Surge Amid Global Oil Crisis

Sri Lanka Raises Fuel Prices As Shortage Triggers Panic Buying |

Cuba has halted airline refueling and is reeling from a US-ordered halt in Venezuelan oil shipments, deepening a crippling energy crisis. The government has imposed emergency measures, including reductions in bus and train services, and transport and power cutbacks as shortages spread across the island.

Cuba Fuel Crisis: Cuba Halts Airline Refuelling as US Sanctions Trigger Fuel Crisis

Cuba’s worsening fuel crisis is now hitting one of its most critical industries - tourism. Resorts are reportedly shutting operations due to gasoline shortages, forcing guests to be relocated to other hotels. Workers say there is not enough fuel for employees to commute, triggering closures during what is normally peak tourist season.

Fuel Crisis Hits Cuba Beach Resorts |  Tourism Arrivals Already Down to 20-year Low

The US Embassy has urged its citizens to leave Mali due to growing instability and inter-communal tensions. Authorities warn of escalating security risks, particularly for foreigners in urban and rural areas.
The advisory comes amid ongoing political unrest and violent incidents, highlighting the need for vigilance and preparedness for travelers.

Crisis In Mali: U.S. Embassy Urges Citizens to Leave Mali Amid Rising Instability

Several regions in Russia and parts of Ukraine it controls are reporting gasoline shortages after Ukraine stepped up attacks on Russian oil refineries this month, and amid a seasonal surge in fuel demand. Russia imposed a gasoline exports ban for oil producers on July 28 in a bid to prevent shortages at a time of peak demand because of summer travel and grain harvesting. But some market participants said this will not be enough to avert a fuel crunch.

Russia faces fuel crisis: Lost nearly 40% of oil refining capacity

Russia Fuel Crisis: Lost Nearly 40% of Oil Refining Capacity

Several regions in Russia and parts of Ukraine it controls are reporting gasoline shortages after Ukraine stepped up attacks on Russian oil refineries this month, and amid a seasonal surge in fuel demand. Russia imposed a gasoline exports ban for oil producers on July 28 in a bid to prevent shortages at a time of peak demand because of summer travel and grain harvesting. But some market participants said this will not be enough to avert a fuel crunch.

Russia Fuel Crisis: Lost Nearly 40% of Oil Refining Capacity

<p>The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted. The global energy crisis worsened after Russia launched a full-scale invasion in February 2022, it further underlines, stressing that continued high reliance on fossil fuels and the severe mismatch between energy demand and supply were among the other factors that contributed.&nbsp;</p>

<p>With Russia being a major exporter of oil (12.3 per cent of global supply in 2021) and natural gas (23.6 per cent), European nations dependent on oil and natural gas imports from the country, already at high risk since gas storages were nearly and probably deliberately emptied before the war, face unprecedented fuel supply shortages, according to the study by the Birmingham University. Many economies have been pushed into recession, it further points out, and inflation has been triggered due to the energy crisis.</p>

<p>Even as several governments have brought in measures to subsidise soaring energy bills for households, these might be insufficient in view of the scale of the problem, researchers said. The surge in direct energy costs of households in 116 countries range from 51.1 per cent to 176.1 per cent.&nbsp;</p>

<p>"Referring to the World Bank’s latest international poverty line (US$2.15 in 2017 purchasing power parity (PPP) per person per day, updated in September 2022), we estimated that an additional 78 million–141 million people (1.2–2.1 percent of the global population) could be pushed into extreme poverty," the report reads. "Our results are 5–48% larger than the estimates from the World Bank (75 million–95 million compared with pre-crisis projections)," it adds.&nbsp;</p>

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The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted.

The increasing cost-of-living pressure because of the Ukraine war could push an additional 141 million people into extreme poverty, a study published on Thursday (February 16) in the British scientific journal Nature has highlighted. The global energy crisis worsened after Russia launched a full-scale invasion in February 2022, it further underlines, stressing that continued high reliance on fossil fuels and the severe mismatch between energy demand and supply were among the other factors that contributed. With Russia being a major exporter of oil (12.3 per cent of global supply in 2021) and natural gas (23.6 per cent), European nations dependent on oil and natural gas imports from the country, already at high risk since gas storages were nearly and probably deliberately emptied before the war, face unprecedented fuel supply shortages, according to the study by the Birmingham University. Many economies have been pushed into recession, it further points out, and inflation has been triggered due to the energy crisis. Even as several governments have brought in measures to subsidise soaring energy bills for households, these might be insufficient in view of the scale of the problem, researchers said. The surge in direct energy costs of households in 116 countries range from 51.1 per cent to 176.1 per cent. "Referring to the World Bank’s latest international poverty line (US$2.15 in 2017 purchasing power parity (PPP) per person per day, updated in September 2022), we estimated that an additional 78 million–141 million people (1.2–2.1 percent of the global population) could be pushed into extreme poverty," the report reads. "Our results are 5–48% larger than the estimates from the World Bank (75 million–95 million compared with pre-crisis projections)," it adds. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Russia-Ukraine war putting 141 million globally at risk of extreme poverty: Study 

Nigerians are no strangers to fuel scarcity. It has almost become a ritual. At least once a year, they endure long queues at filling stations or buy at higher prices at black markets. And in December, people spend a sizeable portion of their holiday hustling for fuel at filling stations. What's causing the fuel crisis in Nigeria? Louisa Olaniyi explains.

World of Africa: Nigeria's fuel crisis worsens

The fuel crisis in France is worsening. Petrol stations are running out and unions continue to strike at refineries. The protest comes amid the cost-of-living crisis and soaring energy costs.

Fears of fuel shortage grow in France as refineries strike continue

<p>India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports. It comes at a time when the southern island country is facing its worst-ever economic crisis, which has resulted in a shortage of foreign currency, aviation fuel, food, fertilizers, etc.&nbsp;</p>

<p>In an update released on social media, Bharat Petroleum revealed that more than 100 Sri Lankan airlines flights were refuelled so far at airports in India's southern cities of Thiruvananthapuram, Chennai and Kochi.&nbsp;</p>

<p>"These refuelling has been done over the last fortnight by mobilising the assets and manpower for the on-time service, at very short notice. We have been associated with <a href="https://twitter.com/flysrilankan" target="_blank">@flysrilankan</a> for over a decade, as their refuelling partners." added the tweet.&nbsp;</p>

<p>Responding to the same, Sri Lankan Airlines tweeted, thanking the Indian state-run oil company and added that they truly value the partnership.&nbsp;&nbsp;</p>

<p>Since the crippling economic crisis began in Sri Lanka in March 2022, the Government of India has been at the forefront of helping Sri Lanka by providing financial aid, fuel, and crucial support at international fora.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">United with Sri Lanka!<br />
<br />
We are pleased to support SriLankan Airlines, with refueling of their long-haul flights at Indian airports, to overcome the Jet Fuel shortage in their country. So far, more than 100 flights have been refueled at <a href="https://twitter.com/hashtag/Trivandrum?src=hash&amp;ref_src=twsrc%5Etfw">#Trivandrum</a>, <a href="https://twitter.com/hashtag/Chennai?src=hash&amp;ref_src=twsrc%5Etfw">#Chennai</a> &amp; <a href="https://twitter.com/hashtag/Kochi?src=hash&amp;ref_src=twsrc%5Etfw">#Kochi</a> airports. <a href="https://t.co/bvceulRDtx">pic.twitter.com/bvceulRDtx</a></p>
— Bharat Petroleum (@BPCLimited) <a href="https://twitter.com/BPCLimited/status/1545038698567192580?ref_src=twsrc%5Etfw">July 7, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>As the most proximate Indian state to Sri Lanka and one that shares linguistic and cultural ties with the Tamils in Lanka, the Tamil Nadu government has also been sending, via the Indian High Commission in Colombo, ship-loads of food, medicines and milk powder, providing temporary succour to the people of the island nation.&nbsp;</p>

<p>Over the last couple of months, more than 100 Lankan nationals have fled the crippling economic country and taken refuge on Indian shores. A group of eight Lankan Tamils, including a one-and-a-half-year-old child, was among those that arrived at Rameswaram, Tamil Nadu, during the wee hours of Tuesday.</p>

<p>As a standard procedure, the foreign nationals are first questioned by authorities and then moved to a camp meant for accommodating Lankan nationals who reach India illegally.</p>

<p>Many Lankans have also purchased bicycles for their daily commute, as automotive fuels for their vehicles are hard to get and the long wait for fuel could be several days long.</p>


India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports.

India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports. It comes at a time when the southern island country is facing its worst-ever economic crisis, which has resulted in a shortage of foreign currency, aviation fuel, food, fertilizers, etc. In an update released on social media, Bharat Petroleum revealed that more than 100 Sri Lankan airlines flights were refuelled so far at airports in India's southern cities of Thiruvananthapuram, Chennai and Kochi. "These refuelling has been done over the last fortnight by mobilising the assets and manpower for the on-time service, at very short notice. We have been associated with @flysrilankan for over a decade, as their refuelling partners." added the tweet. Responding to the same, Sri Lankan Airlines tweeted, thanking the Indian state-run oil company and added that they truly value the partnership. Since the crippling economic crisis began in Sri Lanka in March 2022, the Government of India has been at the forefront of helping Sri Lanka by providing financial aid, fuel, and crucial support at international fora. United with Sri Lanka! We are pleased to support SriLankan Airlines, with refueling of their long-haul flights at Indian airports, to overcome the Jet Fuel shortage in their country. So far, more than 100 flights have been refueled at #Trivandrum, #Chennai & #Kochi airports. pic.twitter.com/bvceulRDtx — Bharat Petroleum (@BPCLimited) July 7, 2022 × As the most proximate Indian state to Sri Lanka and one that shares linguistic and cultural ties with the Tamils in Lanka, the Tamil Nadu government has also been sending, via the Indian High Commission in Colombo, ship-loads of food, medicines and milk powder, providing temporary succour to the people of the island nation. Over the last couple of months, more than 100 Lankan nationals have fled the crippling economic country and taken refuge on Indian shores. A group of eight Lankan Tamils, including a one-and-a-half-year-old child, was among those that arrived at Rameswaram, Tamil Nadu, during the wee hours of Tuesday. As a standard procedure, the foreign nationals are first questioned by authorities and then moved to a camp meant for accommodating Lankan nationals who reach India illegally. Many Lankans have also purchased bicycles for their daily commute, as automotive fuels for their vehicles are hard to get and the long wait for fuel could be several days long.

India's Bharat Petroleum refuels more than 100 SL Airlines flights amid fuel crisis 

In the midst of an unprecedented fuel crisis in Sri Lanka, the island nation's national carrier, Sri Lankan Airlines, is bracing for flight cancellations until July 18.

Sri Lankan airlines bracing for flight cancellations amid fuel crisis

<p>Pakistan telecom operators have warned that mobile and internet services might be shut down in the wake of the nationwide power outages in the country.</p>

<p>"Telecom operators in Pakistan have warned about shutting down mobile and internet services due to long hours of power outages nationwide, as the interruption is causing issues and hindrance in their operations," the Pakistan National Information Technology Board (NITB) wrote on Twitter.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">TECH NEWS UPDATE || BY NITB✅<br />
Telecom operators in Pakistan have warned about shutting down mobile and internet services due to long hours power outages nationwide, as the interruption is causing issues and hinderance in their operations.✔️<br />
Stay tuned for more information.🔜 <a href="https://t.co/CA1d4gx7xa">pic.twitter.com/CA1d4gx7xa</a></p>
— National Information Technology Board (@NationalITBoard) <a href="https://twitter.com/NationalITBoard/status/1542453337735532545?ref_src=twsrc%5Etfw">June 30, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<p>It comes days after Prime Minister Shehbaz Sharif had warned that the country might face increased loadshedding in July.</p>

<p>On Monday, he said that Pakistan could not get the required liquefied natural gas (LNG) supply, however, added that the coalition government was trying to make the deal possible.</p>

<p>The country is facing an escalation of its power crisis after it failed to agree on a deal for natural gas supply next month. Tenders for July were scrapped due to high price, and low participation as the nation is already taking action to tackle widespread blackouts, reports Geo News.</p>

<p>Pakistan has reduced working hours for public servants and ordered shopping malls, factories to shut early in various cities, including Karachi, in a bid to conserve energy.</p>

<p>"The government is speaking to Qatar about a new five or 10-year LNG supply deal for three monthly cargoes, as well as an additional cargo under an existing deal," Pakistan Finance Minister Miftah Ismail said.</p>

<p>The main reason cited for the power outages in Pakistan is the lack of power and energy sources. The country is facing a major fuel shortage, which has led to 12-hour long blackouts in several states. Due to the lack of fuel, the electricity supply is taking a major hit in Pakistan.</p>

<p>The fuel shortage accentuated following the global energy shortage due to the ongoing war between Russia and Ukraine.</p>

<p><em>(With inputs from agencies)</em></p>

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Pakistan telecom operators have warned that mobile and internet services might be shut down in the wake of the nationwide power outages in the country. "Telecom operators in Pakistan have warned about shutting down mobile and internet services due to long hours of power outages nationwide, as the interruption is causing issues and hindrance in their operations," the Pakistan National Information Technology Board (NITB) wrote on Twitter.

Pakistan telecom operators have warned that mobile and internet services might be shut down in the wake of the nationwide power outages in the country. "Telecom operators in Pakistan have warned about shutting down mobile and internet services due to long hours of power outages nationwide, as the interruption is causing issues and hindrance in their operations," the Pakistan National Information Technology Board (NITB) wrote on Twitter. TECH NEWS UPDATE || BY NITB✅ Telecom operators in Pakistan have warned about shutting down mobile and internet services due to long hours power outages nationwide, as the interruption is causing issues and hinderance in their operations.✔️ Stay tuned for more information.🔜 pic.twitter.com/CA1d4gx7xa — National Information Technology Board (@NationalITBoard) June 30, 2022 × It comes days after Prime Minister Shehbaz Sharif had warned that the country might face increased loadshedding in July. On Monday, he said that Pakistan could not get the required liquefied natural gas (LNG) supply, however, added that the coalition government was trying to make the deal possible. The country is facing an escalation of its power crisis after it failed to agree on a deal for natural gas supply next month. Tenders for July were scrapped due to high price, and low participation as the nation is already taking action to tackle widespread blackouts, reports Geo News. Pakistan has reduced working hours for public servants and ordered shopping malls, factories to shut early in various cities, including Karachi, in a bid to conserve energy. "The government is speaking to Qatar about a new five or 10-year LNG supply deal for three monthly cargoes, as well as an additional cargo under an existing deal," Pakistan Finance Minister Miftah Ismail said. The main reason cited for the power outages in Pakistan is the lack of power and energy sources. The country is facing a major fuel shortage, which has led to 12-hour long blackouts in several states. Due to the lack of fuel, the electricity supply is taking a major hit in Pakistan. The fuel shortage accentuated following the global energy shortage due to the ongoing war between Russia and Ukraine. (With inputs from agencies) WATCH WION LIVE HERE

Pak warns of shutting down mobile, internet services amid power outages

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