cnn • Japan is releasing 80 million barrels of oil, amounting to 45 days of its 254 days worth of reserves, as early as Monday, Prime Minister Sanae Takaichi said.
• South Korea capped oil prices for the first time in almost 30 years. As of midnight, the price for regular gasoline was capped at 1,724 KRW (about $1.17) per litre, according to the country’s energy ministry.
• India, the world’s most populous nation and a top global importer of liquefied petroleum gas (LPG), has invoked emergency powers to divert fuel away from industrial users to keep households supplied.
• Millions of Bangladeshis are being told to turn down air conditioning, switch off lights and avoid travel from meetings.
• Pakistan has also announced extreme austerity measures, including school closures and work-from-home policies.
• Meanwhile, countries like Spain, Norway and China are likely to see their major investments in renewable energy pay off.