Africa: Fuel Price Shock - Why Developing Economies Are Paying the Most At the Pump
UNCTAD says import-dependent countries face the steepest costs as diesel and gasoline prices jump, squeezing household budgets and raising transport bills.
5 Articles
5 Articles
Africa: Fuel Price Shock - Why Developing Economies Are Paying the Most At the Pump
When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world's developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade and development agency.
Fuel price shock: Why developing economies are paying the most at the pump - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com United Nations News
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In Nigeria, the price of diesel rose by around 83% between the end of February and the end of August, compared to only 9% in Ireland. In Myanmar, gasoline rose by around 51%, while the increase was limited to 3% in Sweden.
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Caribbean News GlobalFuel price shock: Why developing economies are paying the most at the pump
When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade and development agency.
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