Chief Minister Alf Cannan says the Island's not running out of fuel - and the government will be keeping its eye on prices.
In the House of Keys this morning, he gave an urgent statement to MHKs about the possible knock-on effects from the war in Iran.
Mr Cannan said significant price rises are on their way - particularly for heating oil.
And he added the Economic and National Strategy Board is meeting regularly this week to discuss possible measures to help lessen the impact of fuel price hikes.
One nuisance cyclist ticketed in more than three years
New ministerial post created by chief minister
Huge floating book fair to arrive in Douglas next month
Stay safe for Hop Tu Naa tonight
Special Olympics fundraiser needs you
Peel ready for bonfire and fireworks later
Government: "UK never told us about child murderer"
Farm shop's newest worker needs your name suggestions