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Originally published by Capital Business
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business
March 9, 2026
5h ago

Asia governments to cap fuel prices as oil costs jump

Asia governments to cap fuel prices as oil costs jump

Authorities in South Korea and Thailand said they would set limits on fuel prices. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Asian governments are moving to cap fuel prices in response to surging global oil costs, exacerbated by the US-Israel war with Iran. Crude oil prices have surpassed $100 a barrel amidst concerns of Middle East energy supply disruptions.

  • South Korea and Thailand announced measures to set limits on fuel prices.
  • South Korean president Lee Jae Myung stated his government would "swiftly implement" a petrol price cap due to the economic burden of energy imports.
  • Thailand's Prime Minister Anutin Charnvirakul plans to cap diesel prices for 15 days amid fuel stockpiling fears.

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