Malaysian Prime Minister Anwar Ibrahim urges action against misinformation on fuel and electricity prices amid rising global oil costs
Malaysian Prime Minister Anwar Ibrahim has called for immediate action against the spread of misinformation regarding fuel and electricity prices amidst an ongoing rise in global oil costs. In a recent video message, Anwar specifically pointed out that 96 misleading posts identified by the Malaysian Communications and Multimedia Commission are causing public concern and confusion about the country's energy policies. He emphasized the negative impact of such misinformation during "extraordinary circumstances" that the nation is currently facing. Anwar's plea comes as the Malaysian government is spending approximately 4 billion ringgit (about US$993 million) a month to manage the financial strains... [Continue Reading]
UK Sets Maximum Fuel Prices from April 2 to Protect Families from Rising Costs
The UK Ministry of Energy announced binding maximum fuel prices that will take effect from April 2, 2026. Under this policy, petrol grades 95 and 98, as well as diesel, will have strict price limits at 6.23, 6.84, and 7.65 zloty per liter respectively, preventing retailers from charging above these set thresholds. This move is intended to stabilize the national fuel market by reducing VAT and fuel excise taxes alongside the price caps. These measures are designed to directly protect UK drivers and households vulnerable to fluctuating fuel costs amid ongoing global energy price pressures. The policy enforces a consistent... [Continue Reading]
360LiveNews | 01 Apr 2026 16:36
Malaysian traders warn of potential 50% price increase for essential food items amid rising fuel costs
As fuel prices continue to soar, Malaysian traders are warning of a potential price increase of up to 50% for essential food items. This surge in costs threatens to significantly impact businesses that are already grappling with narrow profit margins. Rosli Sulaiman, president of the Federation of Malaysian Hawkers and Traders Associations, has highlighted that traders have no choice but to raise prices due to increasing costs of raw materials essential for popular dishes, such as roti canai and nasi lemak. The alarming forecast comes on the heels of a consistent rise in food prices, which have already escalated between... [Continue Reading]
China's independent oil refineries face challenges as rising crude prices threaten profit margins and operations
China's independent "teapot" oil refineries, which play a critical role in the nation's fuel supply, are facing significant challenges as surging crude oil prices jeopardize their already slender profit margins. Located primarily in Shandong, a province known for its substantial refining capacity, these smaller refineries account for roughly a quarter of China's total refining capabilities. However, the rising costs of raw materials are threatening their operations and economic viability, according to recent reports. The "teapot" refineries operate under a distinct model compared to larger state-owned counterparts, focusing on purchasing inexpensive crude oil and processing it into fuels such as petrol... [Continue Reading]
Tasmanian government announces three-month free public transport initiative starting Monday to ease financial burden on residents
The Tasmanian government has officially announced a significant policy change to provide free public transport across the state for an initial period of three months. This decision, effective starting Monday, is aimed at alleviating the financial burden on residents struggling with surging fuel prices caused by global supply disruptions. The initiative is scheduled to conclude on July 1. In an official statement, the Tasmanian government outlined that the free public transport initiative is a direct response to ongoing fuel price increases, which have been exacerbated by supply shocks in the Middle East. The recent spikes in fuel costs have made... [Continue Reading]
Australia and Sri Lanka face fuel supply disruptions amid escalating conflict in Iran, prompting government reassurances on fuel security
As the war on Iran escalates, fuel supply chains across the world are experiencing significant disruptions, particularly in Australia and Sri Lanka. Prime Minister Anthony Albanese has issued a statement to reassure the Australian public regarding the security of the nation's fuel supply, juxtaposed against mounting reports of panic buying and depleting petrol stations. Albanese emphasized the government's commitment to shielding Australians from the crisis, which has been exacerbated since the onset of hostilities on February 28. While government officials assert that supply levels remain consistent with pre-war conditions, the reality on the ground tells a different story. In Australia,... [Continue Reading]
