"In response to the fuel crisis, South Korea has urged households to take shorter showers and shift high-energy appliance usage to weekends, while Samsung has restricted employee driving based on license plate numbers."
"Southeast Asian countries are implementing similar energy conservation measures, with Thailand introducing a four-day workweek for civil servants and Vietnam suspending some domestic airline routes due to jet fuel shortages."
"The Philippines is facing a critical situation, with President Ferdinand Marcos Jr. declaring a national energy emergency and transit workers striking over rising fuel prices."
"Malaysia's fuel subsidy costs have skyrocketed from 700 million ringgit to over 3.2 billion ringgit, highlighting the financial strain on governments amid the ongoing fuel crisis."
The closure of the Strait of Hormuz due to the Iran war has resulted in significant fuel shortages across Asia, which relies heavily on this chokepoint for oil and LNG. Governments are implementing drastic measures, including urging citizens to reduce energy consumption and introducing workweek changes. The crisis is prompting a shift back to coal for immediate energy needs while potentially accelerating long-term transitions to nuclear energy and electric vehicles. The financial strain on governments is evident, with rising subsidy costs for fuel.
Read at Fortune
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