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Amidst escalating conflict in the Middle East, India is supplying petroleum products to neighboring countries and has clarified that it is examining a request from Bangladesh for diesel supply.
Following the conclusion of a transport strike, Philippine transport workers are now criticizing President Marcos Jr for failing to control oil prices and are demanding focus on price caps and reining in oil companies, with the issue of excise tax removal still unresolved.
Indian Prime Minister Modi has outlined steps taken to ensure minimal disruption to oil and LPG supplies, acknowledging challenges in cargo movement through the Strait of Hormuz due to the Iran war, even as India-flagged LPG carriers continue their transit through the critical waterway.