According to reports, the following are the latest updates on the ongoing energy crises and fuel supply disruptions in parts of the APAC region, as of Friday (12 June):

• Singapore: As per reports, oil product stocks in Singapore declined to their lowest levels in nearly 13 years as of Thursday (11 June), primarily due to a sharp decline in residual fuel inventories amid continued Middle East conflict disruptions and reduced supply flows. Combined onshore oil product stocks totalled 34.41 million barrels (bbl) in the week to Wednesday (10 June), marking the lowest level since July 2013, according to Enterprise Singapore data. The decline was largely driven by shrinking global inventories due to curtailed Middle Eastern shipments linked to the US-Iran conflict, with key storage hubs witnessing ongoing drawdowns.
• Japan: Prime Minister Sanae Takaichi stated on Thursday (11 June) that Japan expects to secure the same volume of crude oil imports in July as a year prior, after ramping up purchases from non-Middle Eastern suppliers like the United States amid the effective closure of the Strait of Hormuz. Takaichi has announced that stable supplies of oil are now projected to last until March 2028. Crude oil imports from the United States in July are projected to be over ten times higher than the level a year earlier, with the first shipment of oil from Mexico also expected in July.
• New Zealand: The New Zealand Institute of Economic Research (NZIER), in its June 2026 Quarterly Predictions report stated that New Zealand’s economic recovery has been significantly affected by the global fuel crisis linked to the US-Israel-Iran conflict. Rising fuel prices have weakened business and consumer confidence, increased operating costs, and reduced spending, hiring, and investment activity. NZIER forecasts annual inflation, which stood at three point one percent in the March quarter, to rise above four percent in the June quarter due to higher petrol and diesel prices. The institute also expects the Reserve Bank of New Zealand (RBNZ) to begin tightening monetary policy, forecasting a twenty-five basis point increase in the Official Cash Rate in July 2026, followed by a further increase in September. NZIER expects inflation to return to the RBNZ’s target range of one to three percent by mid-2027, assuming the fuel crisis and related geopolitical tensions ease by the end of 2026.
• Taiwan: As per reports, Taiwan has taken steps to mitigate the impact of disruptions linked to the Strait of Hormuz crisis by securing additional LNG supplies from the United States and Australia and maintaining sufficient gas inventories through September 2026. CPC Corporation’s new LNG agreement with Cheniere Energy, signed in February 2026, began supplying cargoes in June and is expected to offset the loss of approximately one to two LNG shipments per month from Qatar. To further ease pressure on gas supplies, Taiwan’s Ministry of Economic Affairs has directed Taiwan Power Company to prepare auxiliary coal-fired power units, which could reduce daily natural gas consumption by around twenty percent and lower LNG import requirements by approximately five to five point five shipments per month. The measures are aimed at maintaining energy security and electricity supply stability amid ongoing uncertainty in global energy markets.
• Bangladesh: Imported fossil fuel-powered cars are likely to become more expensive as the government moves to discourage their use and promote electric vehicles (EVs). In the proposed budget for fiscal year 2026-27, the finance minister has suggested raising the total tax on imported petrol and diesel cars with engine capacities between 1,200cc and 1,600cc to 155.88 percent, up from 132.36 percent. Taxes on mid-range internal combustion engine (ICE) vehicles will increase, while tax rates for other vehicle categories will stay the same. At the same time, the government has proposed cutting duties on electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) as part of its push to encourage cleaner transport and reduce fossil fuel use.
• Thailand: Thai airlines are facing significant operational and financial pressures due to a sharp increase in aviation fuel prices linked to prolonged tensions in the Middle East. Jet A-1 fuel prices have reportedly risen from approximately USD 80 per barrel to over USD 240 per barrel, increasing fuel’s share of airline operating costs from around 30 percent to more than 50percent. Consequently, several carriers, including Thai Airways, Thai Lion Air, and Thai AirAsia, have reduced flight frequencies and suspended select routes during the low-demand season in the second and third quarters of 2026. Airlines are also restructuring fares and flight schedules to offset rising costs, while maintaining capacity on key routes and remaining prepared to restore services should fuel prices stabilise and passenger demand recover.