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A massive wave of fuel price hikes is sweeping across Asia, triggered by escalating Middle East conflicts and a global surge in crude prices. From Shanghai to Seoul and Manila, motorists are racing to gas stations to beat the sharpest price increases in years; in China, filling a 50-liter tank with Grade 92 gasoline now costs an additional 27.5 yuan ($3.80). While some drivers, like those in Beijing, express a reluctant loyalty to gas-powered cars despite the costs, students in the Philippines and businessmen in South Korea admit the spike is "hurting the pocket" and forcing a shift toward more frugal commuting habits. In response to the crisis, regional governments are implementing drastic measures to maintain stability. Pakistan’s Prime Minister Shehbaz Sharif has unveiled austerity plans, including a four-day work week and temporary school closures to conserve fuel, alongside salary deductions for high-ranking officials to fund public relief. As the G7 fails to reach an agreement on releasing strategic reserves, China has reaffirmed its commitment to protecting energy security, calling on all global parties to ensure a stable and unimpeded energy supply amid the ongoing market turmoil. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What's up today in Shanghai, the most updated news of the city • Плейлист ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them • Amazing Shanghai and China 淘宝魔都玩转中国 ■ What Chinese people's lives are like during the post COVID-19 period • COVID-19 新冠疫情 ■ Views of foreign scholars on China and its affairs • Voices, Let's Listen! 听她他说 ■ Foreign faces in Shanghai, people living in this city sharing their true feelings • Плейлист ■ Mini-docs showing why China is the country it is today • Stories & Documentary 奇闻逸事记录中国 __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!