Fuel shortages and panic buying across Asian nations

As of late March 2026, severe fuel shortages and panic buying have been reported across Thailand, India, and the Philippines. In Thailand, citizens are forming long queues at gas stations to fill containers following the government's announcement of a price increase of 6 baht per liter. Authorities cited an urgent need to maintain state fuel fund liquidity amid rising international oil prices linked to the conflict with Iran. Reports from India indicate significant crowding at petrol stations across states including Gujarat, Maharashtra, Tamil Nadu, and Telangana, fueled by concerns over potential supply disruptions. Some sources link the Indian shortages to the closure of the Hormuz Strait, while others highlight regional instability in the Middle East as the primary factor. The situation in the Philippines has escalated into public protests. Citizens have expressed frustration, requesting that price adjustments be implemented more gradually. The ongoing volatility in international energy markets continues to affect supply chains and consumer behavior throughout the region.