How countries are dealing with rising oil and gas prices

## Summary
Explainer Explainer How countries are dealing with rising oil and gas prices In response to the Iran conflict, governments have been introducing measures to try and offset the rise in gas and oil - from introducing four-day weeks, to making public transport free. Watch Sky's Helen-Ann Smith further analyse how these countries are dealing with the knock-on effects of the conflict: You need javascript enabled to view this content 2:50 Enable javascript to share Share How Iran war is causing energy chaos in Asia Elsewhere, an order from the government in India published earlier in March, showed the country has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG), in order to try and prevent a shortage of cooking fuel. You need javascript enabled to view this content 3:10 Enable javascript to share Share Philippines energy emergency Europe EU member states have been told to prepare for long-term disruption to energy markets by the bloc's energy chief. You need javascript enabled to view this content 4:21 Enable javascript to share Share UK facing biggest economic hit from Iran war of any major country Away from the EU, the UK 's Ofgem energy price cap means most households are protected from the impact of higher prices until the end of June, but prices are forecast to rise by almost £300 from the summer.

## Article Content
Explainer
Explainer
How countries are dealing with rising oil and gas prices
In response to the Iran conflict, governments have been introducing measures to try and offset the rise in gas and oil - from introducing four-day weeks, to making public transport free.
Tuesday 31 March 2026 21:36, UK
Image:
Pic: iStock
Why you can trust Sky News
With the US-Iran conflict continuing, governments worldwide are desperately trying to curb the effect of soaring energy prices on populations.
Iran is one of the largest suppliers of natural gas (after the US and Russia) and coupled with its control of the key waterway, the Strait of Hormuz, the price of oil has rocketed to a near four-year high and wholesale gas prices have surged since the conflict began in February.
In response, governments across the globe have been implementing measures to try and offset the rise in costs felt by citizens.
Iran war live updates
Here's what has been introduced so far and where.
Asia
While everyone is starting to feel the consequences of the conflict in Iran, Asian economies are disproportionately affected due to their dependence on oil and gas imports from the Middle East region.
In 2024, more than 80% of oil and liquefied natural gas (LNG) shipped through the Strait went to Asian markets, with China, India, Japan and South Korea the primary destinations, according to the World Economic Forum.
For this reason, many countries have started to take action.
Several Asian countries including the
Philippines and Pakistan
have introduced a four-day working week to cut back on fuel consumption while
Sri Lanka
has declared Wednesdays as public holidays for its government institutions, while
Indonesia
will implement a work from home day every Friday as well as limit fuel sales ​at 50 litres per-day from 1 April.
Image:
A man loads a plastic tank of paraffin into his car. Pic: Reuters
In
Thailand
, Prime Minister Anutin Charnvirakul also ordered civil servants on 10 March to conserve energy through a number of measures including working from home, setting air conditioning temperatures at 26-27C and swapping suits and ties for short-sleeved shirts instead.
Government officials have also been ordered to reduce electricity use at office ​buildings by switching off lights and electrical equipment when ​not needed and the public have been asked to cooperate in energy saving measures such as carpooling.
Watch Sky's
Helen-Ann Smith
further analyse how these countries
are dealing with the knock-on effects of the conflict:
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2:50
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How Iran war is causing energy chaos in Asia
Elsewhere, an order from the government in
India
published earlier in March, showed the country has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG), in order to try and prevent a shortage of cooking fuel.
Some IT conglomerates, including Cognizant, has gone as far as encouraging workers to start bringing in their own food to reduce dependence on commercial LPG-reliant cafeterias, according to The Economic Times newspaper.
On 4 March
Myanmar'
s government imposed sweeping fuel rationing system for private vehicles in response to what it called "global political situations".
Under the scheme, cars with even-numbered plates will only be allowed to drive on even dates, and odd-numbered plates on odd dates. Electric vehicles and electric motorcycles are exempt.
Vietnam
also plans to remove import tariffs on fuels until the end of April to ensure sufficient supply.
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Philippines energy emergency
Europe
EU member states
have been told to prepare for long-term disruption to energy markets by the bloc's energy chief.
In a letter ‌to ministers, seen by the Reuters, Dan Jorgensen said EU governments ​are "encouraged to make ⁠timely preparations in ⁠anticipation of a potentially ​prolonged disruption".
However, the fallout ⁠on Europe's energy ​supplies is currently ​contained, he said.
A number of European countries have announced fuel tax cuts and similar measures in recent days to try and combat price rises that have been driven by the war.
Image:
Vehicles from Germany queuing at petrol stations in Poland. Pic: AP
France
and
Greece
have announced €70m and €300m in subsides for industries including fuel, farming and transport while
Italy
has set aside €417.4m to cut excise duty (a method of indirect taxation) on petrol and diesel until 7 April.
Deciding not to subsidise prices, petrol stations in
Germany
have instead been instructed to only increase fuel prices once a day.
In
Spain
, parliament is expected to vote on measures proposed by the government, including lowering fuel and electricity taxes and granting fuel subsidies to sectors most exposed to energy price spikes.
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UK facing biggest eco

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## Expert Analysis

### Merits
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### Implications
- Several Asian countries including the Philippines and Pakistan have introduced a four-day working week to cut back on fuel consumption while Sri Lanka has declared Wednesdays as public holidays for its government institutions, while Indonesia will implement a work from home day every Friday as well as limit fuel sales ​at 50 litres per-day from 1 April.
- Under the scheme, cars with even-numbered plates will only be allowed to drive on even dates, and odd-numbered plates on odd dates.
- You need javascript enabled to view this content 4:21 Enable javascript to share Share UK facing biggest economic hit from Iran war of any major country Away from the EU, the UK 's Ofgem energy price cap means most households are protected from the impact of higher prices until the end of June, but prices are forecast to rise by almost £300 from the summer.
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### Expert Commentary
This article covers energy, measures, fuel topics. Readability: Flesch-Kincaid grade 0.0. Word count: 1305.