Asian governments are spending billions of dollars in subsidies to shield consumers from the oil price from the US-Israeli war with Iran.

Below are steps taken by governments in Asia, where most oil from the Middle East is bound.

Japan

The Japanese government is tapping 800 billion yen (S$6.4 billion) in reserve funds to finance subsidies aimed at keeping gasoline prices at about 170 yen per litre on average. That would cost as much as 300 billion yen per month.

South Korea

South Korea's budget ministry proposed in late March a supplementary ​government budget of 26.2 trillion won (S$22.3 billion) to support low-income earners, young people and companies in response to high oil prices.

It is the second extra budget in less than a year under the administration of President Lee Jae Myung. Parliament is expected to approve the budget by April 10.

Indonesia

Jakarta budgeted 381.3 trillion rupiah (S$28.8 billion) for energy subsidies and to compensate state energy firm Pertamina and utility company PLN for their efforts to keep some fuel prices and electricity tariffs at an affordable level.