Philippines, Oct. 12 -- The Asian Development Bank (ADB) has approved $40.1 million to help Kiribati, Tonga, and Tuvalu manage fuel price volatility as the Middle East conflict raises import costs across the Pacific. The Pacific Regional Energy Security Emergency Assistance Project will provide grants of $12.77 million to Kiribati, $15.39 million to Tonga, and $11.94 million to Tuvalu to manage exposure to fuel price volatility. It will also help Tonga maintain affordable electricity services through support to Tonga Power Limited and provide targeted assistance in Tuvalu to around 6,000 people from low-income households affected by rising fuel, electricity, and living costs.Kiribati, Tonga, and Tuvalu depend heavily on imported fuel and fa...