South Korea saves ‘every drop of fuel’
South Korea has ramped up its call for energy conservation. President Lee Jae Myung urged citizens to “save every drop of fuel” in a parliamentary address this past week.
“The current crisis is not a passing shower that quickly subsides, but rather a massive storm whose duration is uncertain, making it all the more severe,” Lee said, calling on citizens to use public transportation.
The government has already taken other precautionary measures, including imposing a fuel price cap and implementing a fuel tax cut. It is also exploring other energy options to offset supply chain problems, including delaying the shutdown of coal-fired power plants and lifting caps on coal-fired electricity.
Korean Air, meanwhile, is instituting “internal cost-reduction measures,” with the possibility of flight cancellations.
Southeast Asian work from home
In late March, the Philippines declared a national emergency due to high oil prices, which had a particularly harsh impact on the nation because it imports 98% of its oil from the Gulf.
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