{"id":10069,"date":"2026-03-20T15:46:00","date_gmt":"2026-03-20T11:46:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/global-governments-combat-rising-energy-costs\/"},"modified":"2026-03-21T07:35:32","modified_gmt":"2026-03-21T03:35:32","slug":"global-governments-combat-rising-energy-costs","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/global-governments-combat-rising-energy-costs\/","title":{"rendered":"Global Governments Taking Action on Energy Costs: Implications for Businesses and Investors in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p>Governments around the world are taking measures to protect consumers from escalating energy costs resulting from the ongoing US-Israeli conflict in Iran. Here\u2019s how various countries are responding:<\/p>\n<p><strong>India<\/strong>: As the world&#8217;s fourth-largest refiner, India is reviewing its fuel exports to ensure local market availability. A government official indicated that exports will only be approved if the country has surplus supplies. The foreign ministry announced that consumers using piped natural gas are barred from retaining or refilling domestic liquefied petroleum gas (LPG) cylinders. The government has invoked emergency powers to instruct refiners to maximize LPG production, crucial for cooking, while reducing sales to industries to prevent shortages for the 333 million households with LPG connections.<\/p>\n<p><strong>Germany<\/strong>: The Finance Minister is exploring options to alleviate rising fuel prices, including the possibility of implementing a windfall tax on oil companies.<\/p>\n<p><strong>South Korea<\/strong>: The country is lifting limits on coal-fired power generation and increasing nuclear plant utilization to as high as 80 percent. Additionally, it is considering energy vouchers to support vulnerable households.<\/p>\n<p><strong>China<\/strong>: In an effort to prevent a domestic fuel shortage, China has banned the export of refined fuel and is releasing fertilizer supplies from its national reserves ahead of the spring planting season.<\/p>\n<p><strong>Australia<\/strong>: Prime Minister Anthony Albanese has urged citizens to refrain from panic buying petrol and diesel, which has caused shortages in some rural areas. The government recently announced plans to release fuel from domestic reserves to alleviate supply chain disruptions.<\/p>\n<p><strong>Japan<\/strong>: Japan has requested that Australia, its largest liquefied natural gas supplier, increase its output.<\/p>\n<p><strong>European Union<\/strong>: The European Commission is advising governments to exercise flexibility in enforcing EU import rules for gas, as strict compliance may hinder essential LNG deliveries needed to stabilize supplies.<\/p>\n<p><strong>Italy<\/strong>: The Italian government has allocated approximately 417.4 million euros ($478 million) to reduce excise duties on fuels until April 7, as noted in a cabinet-approved decree.<\/p>\n<p><strong>Cambodia<\/strong>: To address supply shortfalls from Vietnam and China, Cambodia is increasing its fuel imports from suppliers in Singapore and Malaysia.<\/p>\n<p><strong>Malaysia<\/strong>: The Malaysian government will boost petrol subsidies from 700 million ringgit to 2 billion ringgit ($510 million) to maintain fixed fuel prices.<\/p>\n<p><strong>Thailand<\/strong>: Plans are underway in Thailand to reduce oil taxes. Discussions are ongoing with the Russian government about potential crude oil purchases. The finance minister stated that the government aims to cap domestic diesel prices at 33 baht ($1.02) per liter and freeze prices on certain goods to support farmers.<\/p>\n<p><strong>The Philippines<\/strong>: The Philippines is planning to reduce electricity bills amid rising liquefied natural gas prices by increasing coal-fired power generation and regulating electricity tariffs.<\/p>\n<p><strong>Brazil<\/strong>: President Luiz Inacio Lula da Silva has signed a decree eliminating federal taxes on diesel.<\/p>\n<p><strong>Egypt<\/strong>: The government has imposed a price cap on unsubsidized bread sold in private bakeries.<\/p>\n<p><strong>Ethiopia<\/strong>: Ethiopia has decided to increase fuel subsidies. <\/p>\n<p>These measures reflect a global effort to address the financial strain posed by surging energy costs.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The global response to surging energy costs amid geopolitical tensions presents <strong>significant opportunities for Oman\u2019s energy sector<\/strong>. By adapting policies that prioritize local energy availability, innovative <strong>investors can capitalize on potential fuel shortages<\/strong> and emerging markets, positioning themselves for growth. However, <strong>businesses must also brace for volatility<\/strong> in fuel prices, necessitating strategic planning and investment in sustainable energy solutions.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governments are responding to rising energy costs due to the US-Israeli war on Iran. India plans to review fuel exports to ensure local supply, while Germany considers a windfall tax on oil companies. South Korea is increasing nuclear power use and energy vouchers for households.<\/p>\n","protected":false},"author":2,"featured_media":10070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[442,4208,4207],"class_list":["post-10069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-energy","tag-fuel-subsidies","tag-global-response"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/03\/3327393.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=10069"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10069\/revisions"}],"predecessor-version":[{"id":10071,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10069\/revisions\/10071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/10070"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=10069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=10069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=10069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}