Fuel rations and free buses: How countries are responding to rising oil prices

Governments around the world have introduced measures to limit the impact of price increases.

G7 countries, including the U.S., Canada, and France, are implementing measures such as releasing strategic oil reserves and providing targeted subsidies to mitigate the impact of rising energy prices due to geopolitical tensions in the Middle East.

Belgium's fuel price regulation system is under strain due to escalating global energy costs, prompting discussions about potential reforms to stabilize fuel prices for consumers.

The article discusses how Europe can enhance its energy security in light of the US-Iran conflict, which has led to soaring oil prices and potential disruptions in global energy supply chains.

Pakistan is considering increasing fuel prices and implementing rationing to manage the financial strain caused by rising international oil prices, aiming to balance subsidies and ensure supply stability.

In response to soaring fuel prices, the Australian states of Victoria and Tasmania have announced free public transport services to alleviate cost-of-living pressures on residents.