DHAKA: The oil price spike caused by the war in the Middle East has sparked unrest in Bangladesh and exasperation at petrol pumps around Asia, where many economies are heavily dependent on fossil fuel imports.
Even as governments move to limit the impact on fuel prices, lines have formed at petrol stations in countries including Vietnam, Pakistan and the Philippines, although the situation remains stable elsewhere.
In Bangladesh — which imports 95 percent of its oil and gas needs — the military has been deployed at major oil depots, as police patrol in and around filling stations.
“We haven’t received supply from the depot, but the bike riders weren’t convinced and vandalized the station,” said petrol station worker Ashrafuzzaman Dulal told AFP, describing violence on Sunday.
On Tuesday his station Shahjahan Traders, one of the oldest in the capital Dhaka, had hung a banner apologizing because its stock had run out.
The South Asian nation of 170 million people has started fuel rationing, sent students home and scrapped celebratory light displays over the energy crunch.
One man was killed on Saturday night in the southern Bangladeshi district of Jhenaidah after an altercation over refueling with staff.
Following the 25-year-old’s death, angry crowds torched three buses and vandalized a filling station, police said.
- ‘So, so angry’ -
On Tuesday, queues stretched for 1.5 kilometers (nearly one mile) through Dhaka’s city center.
“My boss left the car here and took a rickshaw to reach his destination,” Kamrul Hasan, who was waiting in a vehicle almost at the end of the queue, told AFP.
Filling station worker Akhtar Hossain said he had not stopped for hours.
“Even during the Gulf War, we didn’t experience this sort of rush,” Hossain told AFP.
Oil prices fell Tuesday after US President Donald Trump said the US-Israel war on Iran could end “very soon.”
The previous day, the price of benchmark crude had rocketed past $100 a barrel — its highest level since Russia’s invasion of Ukraine in 2022.
The market instability came as Iran targeted the crude-rich Gulf with missile and drone barrages.
Maritime traffic in the Strait of Hormuz — a key Gulf waterway through which a fifth of global crude passes — has also all but halted since the war broke out.
Thousands of motorbike riders queued for fuel Tuesday in Vietnam, where prices for unleaded gasoline have surged more than 20 percent.
Vietnam has so far avoided mass shortages, with the government scraping duties on many imported petroleum products.
A 57-year-old who gave his name as Tuan told AFP at a Hanoi petrol station that he was “so, so angry.”
“I have been waiting in line for almost one hour. Then my turn came, and they said their system is down,” he said as dozens of drivers waited but others gave up.
- Myanmar price spike -
Vehicles also lined up in scorching heat at Philippine petrol stations this week, as officials warned against hoarding fuel, with similar scenes unfolding in Pakistan and Sri Lanka.
Enrico Guda, a gas station attendant in Metro Manila, said the station had double its usual daily workload as people rushed to fuel up before prices jumped.
In Myanmar, which imports 90 percent of its fuel oil and has long suffered from a fragile energy supply chain owing to the civil war consuming the country, traffic curbs are in place.
From Saturday, half of private vehicles have been ordered off the roads each day to preserve oil stocks.
“Some drivers depend on their vehicles for work and survival... the new system has made it harder for them to run their businesses,” said Hla Htay, 56, a car rental business owner.
In the Myanmar frontier town of Tachileik, an AFP reporter saw signs cross-border supplies from Thailand had been cut — with some petrol stations shut last week after an up-to threefold price spike the day before.
In several other Asian countries, from Japan to Indonesia, as well as China, India and Afghanistan, panic appears not yet to have hit, apart from a few sporadic queues for petrol.
“I used to fill up regularly once a week, but now I try to fill up whenever I find a cheaper gas station,” South Korean businessman Lee In-tae, 42, told AFP in Seoul.
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Troops guard Bangladesh depots as fuel crunch hits Asia
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Troops guard Bangladesh depots as fuel crunch hits Asia
- The oil price spike caused by the war in the Middle East has sparked unrest in Bangladesh and exasperation at petrol pumps around Asia
China positions itself as force for global stability at its annual Congress
BEIJING: While much of the world’s attention is on the Iran war, that hasn’t stopped China from moving ahead with national priorities with global repercussions.
Not that China doesn’t care about the war and its impact on energy supplies and geopolitics. But for the world’s second largest economy, its growing rivalry with the United States revolves around a different battle: the development of the cutting-edge technologies shaping the 21st century.
That message came through in a five-year plan formally endorsed Thursday by the National People’s Congress at the end of its annual meeting, the nation’s biggest political event of the year. If anything, China is doubling down on a push to transform its economy and be at the forefront of technology. State media described China’s determination to stay the course on economic development as a force for stability in an uncertain world.
“A stable and developing China injects more stability and certainty into a world fraught with change and turbulence,” the official People’s Daily newspaper said in a front-page column on Wednesday. Other state-media echoed that view.
The commentaries and official statements didn’t mention US President Donald Trump, whose tariffs and use of military force from Venezuela to Iran are shaking up the global order that has governed international relations in the post-World War II era. China publicly defends that system, while calling for making it more equitable to reflect the interests of developing countries as well as rich ones.
Trump is due to visit Beijing in three weeks to hold talks with his counterpart, Chinese leader Xi Jinping.
The National People’s Congress also rubber-stamped three laws, including one governing ethnic minorities, at its closing session. The votes are ceremonial and nearly unanimous, designed to show unity behind the ruling Communist Party’s vision for the nation. The five-year plan was approved with 2,758 votes in favor, one against, and two abstentions.
“We are forging ahead at full speed in building a great country,” Foreign Minister Wang Yi said at an annual news conference during the Congress.
Banking on tech for growth
Many economists believe that China needs to do more to put more money into the hands of consumers to boost domestic spending and reduce its dependence on export-led growth.
China’s leaders agree in concept, but the five-year plan puts technology front and center, confirming it remains the top priority. Analysts expect any steps to boost consumption to happen only gradually, such as expanding social security and health care benefits, while government funds are poured into artificial intelligence, robotics and other areas.
Chinese Premier Li Qiang announced an economic growth target of 4.5 percent to 5 percent for 2026 at the start of the Congress, a level that gives the government more leeway to focus on the longer-term goals of the five-year plan rather than meeting a higher target this year.
Staying conservative on climate
The five-year plan doesn’t pledge to reduce carbon emissions overall, but only to reduce “emissions intensity” — how much pollutants are emitted relative to the size of the economy. That means emissions could still grow as the economy does.
The target for a reduction in intensity was set at 17 percent, a level that could allow emissions to rise 3 percent or more, analysts said. “International good practice is to move away from intensity targets toward absolute emission reduction targets,” said Niklas Hohne of the NewClimate Institute in Germany.
China has a history of setting conservative targets and its rapid expansion in solar and other clean energies may drive emissions down anyway. The country is the world’s No. 1 emitter of greenhouse gases, but leaders have long argued that the size of its population and economy must be considered when evaluating its pollution levels.
Regulating ethnic groups
A sweeping ethnic minorities law endorsed by the Congress solidifies what critics say is a government policy of assimilation, emphasizing the creation of “a common consciousness of the Chinese nation.”
The government said it is meant to foster a stronger sense of community and shared economic development among its ethnic groups. The law encapsulates an approach under Xi that has promoted unity over ethnic cultures and their languages.
“It puts a death nail in the party’s original promise of meaningful autonomy,” said James Leibold, a professor at Australia’s LaTrobe University who has studied China’s changing policies toward its ethnic minorities.
Seeking a “right to rest” for workers
Formal proposals and other suggestions to reduce work hours in a variety of ways were among those that got the most attention on social media during this year’s Congress.
Many focused on a “right to rest,” including calls to give employees the right not to respond to work messages after hours. Many Chinese workers get only five days of paid vacation a year. Yu Miaojie, an economist and deputy to the Congress, proposed raising the minimum statutory annual leave from five to 10 days.
The popularity of the proposals reflects concern about the intense workplace competition in China. Giving workers more leisure time is also seen as a way to boost consumption by giving them more free time to spend.
Not that China doesn’t care about the war and its impact on energy supplies and geopolitics. But for the world’s second largest economy, its growing rivalry with the United States revolves around a different battle: the development of the cutting-edge technologies shaping the 21st century.
That message came through in a five-year plan formally endorsed Thursday by the National People’s Congress at the end of its annual meeting, the nation’s biggest political event of the year. If anything, China is doubling down on a push to transform its economy and be at the forefront of technology. State media described China’s determination to stay the course on economic development as a force for stability in an uncertain world.
“A stable and developing China injects more stability and certainty into a world fraught with change and turbulence,” the official People’s Daily newspaper said in a front-page column on Wednesday. Other state-media echoed that view.
The commentaries and official statements didn’t mention US President Donald Trump, whose tariffs and use of military force from Venezuela to Iran are shaking up the global order that has governed international relations in the post-World War II era. China publicly defends that system, while calling for making it more equitable to reflect the interests of developing countries as well as rich ones.
Trump is due to visit Beijing in three weeks to hold talks with his counterpart, Chinese leader Xi Jinping.
The National People’s Congress also rubber-stamped three laws, including one governing ethnic minorities, at its closing session. The votes are ceremonial and nearly unanimous, designed to show unity behind the ruling Communist Party’s vision for the nation. The five-year plan was approved with 2,758 votes in favor, one against, and two abstentions.
“We are forging ahead at full speed in building a great country,” Foreign Minister Wang Yi said at an annual news conference during the Congress.
Banking on tech for growth
Many economists believe that China needs to do more to put more money into the hands of consumers to boost domestic spending and reduce its dependence on export-led growth.
China’s leaders agree in concept, but the five-year plan puts technology front and center, confirming it remains the top priority. Analysts expect any steps to boost consumption to happen only gradually, such as expanding social security and health care benefits, while government funds are poured into artificial intelligence, robotics and other areas.
Chinese Premier Li Qiang announced an economic growth target of 4.5 percent to 5 percent for 2026 at the start of the Congress, a level that gives the government more leeway to focus on the longer-term goals of the five-year plan rather than meeting a higher target this year.
Staying conservative on climate
The five-year plan doesn’t pledge to reduce carbon emissions overall, but only to reduce “emissions intensity” — how much pollutants are emitted relative to the size of the economy. That means emissions could still grow as the economy does.
The target for a reduction in intensity was set at 17 percent, a level that could allow emissions to rise 3 percent or more, analysts said. “International good practice is to move away from intensity targets toward absolute emission reduction targets,” said Niklas Hohne of the NewClimate Institute in Germany.
China has a history of setting conservative targets and its rapid expansion in solar and other clean energies may drive emissions down anyway. The country is the world’s No. 1 emitter of greenhouse gases, but leaders have long argued that the size of its population and economy must be considered when evaluating its pollution levels.
Regulating ethnic groups
A sweeping ethnic minorities law endorsed by the Congress solidifies what critics say is a government policy of assimilation, emphasizing the creation of “a common consciousness of the Chinese nation.”
The government said it is meant to foster a stronger sense of community and shared economic development among its ethnic groups. The law encapsulates an approach under Xi that has promoted unity over ethnic cultures and their languages.
“It puts a death nail in the party’s original promise of meaningful autonomy,” said James Leibold, a professor at Australia’s LaTrobe University who has studied China’s changing policies toward its ethnic minorities.
Seeking a “right to rest” for workers
Formal proposals and other suggestions to reduce work hours in a variety of ways were among those that got the most attention on social media during this year’s Congress.
Many focused on a “right to rest,” including calls to give employees the right not to respond to work messages after hours. Many Chinese workers get only five days of paid vacation a year. Yu Miaojie, an economist and deputy to the Congress, proposed raising the minimum statutory annual leave from five to 10 days.
The popularity of the proposals reflects concern about the intense workplace competition in China. Giving workers more leisure time is also seen as a way to boost consumption by giving them more free time to spend.
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