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Illustration of long vehicle queues at closed Philippine gas stations during nationwide fuel crisis.
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Fuel crisis closes 425 gas stations nationwide

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A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.

The average wholesale electricity price will be 0.18 euros per MWh this Sunday, the lowest level of the year and one of the lowest in history, according to the Operador del Mercado Ibérico de Energía (OMIE). This marks a 94% drop from Saturday's 3.03 euros average. Ten hourly periods will see negative prices.

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Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, which recently arrived to launch a programme drilling five new natural gas wells in the Mediterranean Sea for BP and Arcius Energy. Badawi stated that intensifying drilling is a top priority to unlock exploration opportunities and boost output from existing fields. The initiative reflects international companies' confidence in Egypt's investment climate.

Meta has agreed to fund seven new natural gas power plants and extensive energy infrastructure to support its largest data center under construction in Richland Parish, Louisiana. The deal with Entergy Louisiana includes 240 miles of transmission lines and battery storage, as reported by the Wall Street Journal. This follows a non-binding pledge by tech companies to cover power costs for AI data centers.

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The Department of Energy (DOE) announced the arrival of 142,000 barrels of diesel in Luzon on Thursday, March 26, 2026, as the first delivery under the Emergency Energy Security Program. Energy Secretary Sharon Garin described it as the result of government efforts to bolster fuel supplies. However, calculations based on DOE data indicate it covers less than one day's diesel demand.

Japan's government plans to temporarily lift restrictions on coal-fired power plants to address an energy crunch from the Middle East war. Officials presented the plan to a panel of experts, who approved it, the industry ministry said. The measure allows full operation of older, less efficient coal plants for a year starting in the new fiscal year from April.

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West Bengal Chief Minister Mamata Banerjee warned of a possible nationwide lockdown amid fears of fuel shortages due to the West Asia conflict. Long queues formed at petrol pumps in Uttar Pradesh and other states, though governments assured no shortages. Oil companies confirmed normal supplies.

 

 

 

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