Residents take precaution amid global oil price fears

March 16, 2026 11:10 pm | Posted in Uncategorized | Share now TwitterFacebook

By Doddy Morris.

Some Port Vila residents have been seen preparing containers in anticipation of refilling quantities of fuel, amid growing uncertainty in global oil markets following the war between Iran and the United States.  

The precautionary measures appear to be a response to global development rather than any confirmed shortage locally.

Over the past week, several residents were seen bringing empty containers and drums to fuel stations around the capital.  

Some workers at fuel stations informed the Daily Post that the current fuel reservoir could last approximately three more months if consumption continued at normal levels.

The Daily Post also contacted fuel stations to verify if similar activity had been observed. While some stations reported not seeing residents prepare containers, others confirmed that precautionary preparations were taking place. 

The Government of Vanuatu issued a statement on March 11 reassuring the public that national fuel supplies remained stable.  

Officials said that despite disruptions in the Middle East, including the closure of the Strait of Hormuz, current stocks are sufficient for usual consumption.  

Pacific Energy, the country’s primary fuel importer, reported that its supply program is secured, and no shortages are anticipated in the foreseeable future. 

Across the Pacific, similar concerns have surfaced. In Fiji, reports of empty pumps at several service stations prompted TotalEnergies Fiji to clarify that there is no fuel shortage.  

Motorists reported closed pumps at stations in Fiji’s Laucala Beach and ‘out of order’ signs near Bailey Bridge, while some Western Division outlets were temporarily without diesel or unleaded fuel. 

TotalEnergies Fiji said it continues to supply fuel across the country and advised the public not to store large quantities in containers. 

Global oil markets have become increasingly volatile following the Middle East conflict, and analysts warn that instability in major oil-producing regions has quicky pushed up prices worldwide. 

In Australia, fuel prices have already risen sharply, reaching around AUD$2.40 to $2.60 per litre. 

Vanuatu, which imports all of its petroleum products, remains exposed to international price fluctuations.  

However, with Government reassurances and ongoing monitoring by Pacific Energy, showed there is currently no cause for concern about fuel availability, and residents are advised to maintain normal consumption.