BBC World Business Report

From state of emergency to rationing: fuel shortages cause chaos across the globe

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The Philippines government has declared a state of emergency. President Ferdinand Marcos Jr. said fuel supply in the country is in ‘imminent danger' as prices continue to surge because of the war in the Middle East. Meanwhile, Slovenia introduces fuel rationing to stop ‘fuel tourism’ and Kenya’s flower industry is struggling with cancelled flights and disrupted sales. As Australia closes hundreds of petrol stations, many ask where this crisis is headed, and when it will end. Andrew Peach has the latest.

The Trump administration says it will pay the French energy giant, TotalEnergies, nearly $1bn to cancel plans to build wind farms off the US eastern coast. President Trump has moved to scrap sustainable energy sources and increase fossil fuel production. And dynamic ticket pricing is back in the news. A group representing football fans have filed a complaint against FIFA at the European Commission for ‘abusing its monopoly position’ in ticket sales for the 2026 World Cup. FIFA says it's focused on ensuring fair access to matches.
24 Mar 7PM English United Kingdom Business

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