From Fuel Rationing To Remote Work: How Countries Are Tackling The Global Fuel Crisis

Last Updated:March 31, 2026, 08:11 IST

Iran conflict shuts Strait of Hormuz, driving global fuel price surge, nations from India to UK China and others tap reserves, cut taxes, ration fuel and boost support measures

The ongoing conflict in Iran and the effective closure of the Strait of Hormuz, a key route for nearly 20% of global oil and gas supplies, have triggered a sharp rise in fuel costs worldwide over the past month. Governments across regions are rolling out emergency measures to manage supply shocks and rising prices. Follow Live Updates Here

India

India has secured crude oil supplies for the next two months, the oil ministry said on March 26, while urging people not to panic buy.

Nearly half of India’s crude imports typically pass through the Strait of Hormuz. However, officials said ample global supply has offset disruptions so far.

UK

Petrol prices in the UK have climbed to an 18-month high amid surging global oil prices, according to the RAC.

The government has warned it will intervene if fuel retailers are found profiteering, a claim denied by the Petrol Retailers Association.

Low-income households using heating oil will receive support under a £53 million relief package announced in March.

Also Read: Pete Hegseth’s Broker Looked To Invest In Defence Fund Before Iran Attack, Pentagon Denies Report

China

China has relied on its strategic oil reserves to cushion the impact of supply disruptions. The country has built stockpiles estimated at around 900 million barrels — roughly equivalent to three months of imports.

Authorities have also reportedly directed refineries to halt fuel exports temporarily to stabilise domestic prices.

Ireland

Ireland has cut taxes on petrol and diesel as part of a €235 million package to ease energy costs.

The measures include suspending the National Oil Reserves Agency levy, reducing excise duties, and extending heating support payments.

Australia

Several Australian states have made public transport free to reduce fuel consumption.

Victoria has waived fares across trains, trams and buses for April, while Tasmania has extended free travel on buses and ferries until June.

Fuel prices have risen sharply, with the national average reaching A$2.38 per litre on March 22.

Egypt

Egypt has imposed temporary restrictions to curb fuel consumption and protect public finances.

Shops and restaurants must close by 9 pm, while remote work has been mandated one day a week for non-essential staff.

The government has also raised fuel and transport prices, reduced energy use in public infrastructure, and cut fuel allowances.

Also Read: ‘Only Received Requests’: Iran Rejects US’ Claims, Says No Talks Took Place Since War Began 

Sri Lanka

Sri Lanka has introduced strict conservation measures, including weekly public holidays for government institutions.

Fuel rationing limits car owners to 15 litres per week and motorcyclists to 5 litres.

Thailand

Thailand has urged citizens to reduce energy use by limiting air conditioning and adopting remote work.

People have been advised to keep AC temperatures between 26-27°C to lower consumption.

Also Read: Donald Trump Hints At Seizing Iran Oil, Says US Could Easily Take Kharg Island

Vietnam

Vietnam has urged citizens to minimise travel and rely on public transport, cycling, or carpooling.

The government has also temporarily removed taxes on petrol and diesel to ease costs.

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Bangladesh

Bangladesh has introduced fuel rationing and increased power cuts to conserve energy.

Universities were shut early, aligning closures with Ramadan holidays to reduce overall consumption.

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