March 20, New Delhi — Governments around the world are implementing measures to protect consumers from the rising cost of energy, which has been driven by the ongoing conflict in the Middle East. These measures range from tax cuts and subsidies to adjustments in supply.
Germany is exploring relief measures, including a possible windfall tax on oil companies, while South Korea is increasing its output of coal and nuclear power and is considering energy vouchers for vulnerable households. China has banned the export of refined fuel and is releasing fertilizer from its reserves to stabilize domestic supply.
Australia has urged citizens to avoid panic buying and is releasing fuel from domestic reserves, while Japan is seeking increased LNG supplies from Australia. The European Union has asked member states to be flexible on gas import rules to ensure timely deliveries.
Italy has announced tax cuts on fuel, setting aside approximately 417.4 million euros, while Cambodia is increasing its imports of fuel from suppliers in Singapore and Malaysia to address shortages. Malaysia is increasing its spending on subsidies to maintain stable fuel prices.
Thailand is considering tax cuts on fuel while also exploring imports of crude oil from Russia. The Philippines is increasing its coal-based power generation and regulating electricity tariffs, while Brazil has removed federal taxes on diesel.
Egypt has capped the price of unsubsidized bread, and Ethiopia has increased fuel subsidies to ease the burden on consumers. These measures reflect a coordinated global effort to cushion economies and households from the ongoing energy crisis.
Photo: A German driver fills a gas can at a gas station in Slubice, Poland, March 16, 2026.