Japan’s government has announced plans to release oil from joint and national stockpiles later this month to stabilise domestic fuel supplies amid global energy concerns. Prime Minister Sanae Takaichi confirmed that releases from joint reserves will begin by the end of March, while national stockpiles are set to be tapped starting March 26. The move aims to ensure uninterrupted availability of petroleum products, including gasoline, across the country.

In a detailed statement posted on X, Takaichi emphasized that the decision was a precautionary measure to safeguard Japan’s energy security. She said the government’s goal is to prevent any disruption in the supply of fuel that could affect households, businesses, and critical infrastructure. The announcement comes amid heightened global tensions and volatility in oil markets.

Japan holds substantial joint stockpiles as part of international agreements to respond to emergencies affecting oil availability. By supplementing these with releases from national reserves, the government intends to mitigate the impact of potential supply shocks, particularly in response to geopolitical instability in key oil-producing regions.

Also Read: Japan Begins Releasing Strategic Oil Reserves To Address Rising Global Prices

The Prime Minister also highlighted Japan’s broader interest in maintaining peace and stability in the Middle East. She noted that ensuring the safety of navigation through the Strait of Hormuz is critical, not only for Japan’s energy imports but also for the global economy, which relies heavily on uninterrupted oil shipments from the region.

Analysts say Japan’s decision reflects growing concerns over recent Middle East tensions, which have led to fluctuations in global crude prices. By releasing oil reserves, the country aims to shield its economy from potential fuel shortages and prevent inflationary pressures on transportation and industrial sectors.

With the planned release dates approaching, government authorities are coordinating with refineries, distributors, and retailers to ensure a smooth distribution of the stockpiled oil. Officials have reassured the public that sufficient reserves remain to meet domestic demand while supporting international efforts to stabilise the global energy market.

Also Read: “We Stand With India”: PM Modi’s Strong Message Amid Middle East Tensions