Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel

Sri Lanka has declared every Wednesday a public holiday to conserve fuel as the island nation grapples with possible shortages in the wake of the US and Israel's war with Iran.

President Anura Kumara Dissanayake stated, We must prepare for the worst, but hope for the best, at an emergency meeting with senior officials on Monday.

This decision is part of a wider trend of austerity measures taken by Asian countries due to the increased risks from geopolitical tensions, particularly affecting oil imports via the Strait of Hormuz.

Nearly 90% of all oil and gas flowing through the strait last year was destined for Asia, the world's largest oil-importing region.

What are other Asian countries doing?

Across Asia, various countries have adopted their own austerity measures. In Thailand, officials encourage citizens to dress more casually to rely less on air conditioning. Myanmar allows vehicles to operate only on alternating days based on their license plates.

Bangladesh has shifted Ramadan holidays at universities earlier and introduced planned blackouts, while the Philippines mandates remote work and has restricted non-essential travel in government sectors. Vietnam encourages the public to reduce personal vehicle usage altogether.

What else is Sri Lanka doing?

In Sri Lanka, the four-day week will include schools and universities, but essential services will continue uninterrupted. A National Fuel Pass for motorists now regulates fuel purchases amid discontent regarding low fuel allotments.

The rationing scheme was initially implemented in 2022 during a severe economic crisis, with oil prices currently around $100 a barrel due to the increased volatility in global markets.