Pakistan fuel crisis deepens: Diesel up 55%, petrol rises 42% amid Hormuz disruption
https://timesofindia.indiatimes.com/photo/129992549.cms" style="margin-top: 3px; margin-right: 5px;" />Pakistan's recent surge in petrol and diesel prices, marking the second rise in just a few weeks, stems from the chaos of war in the Middle East that has shaken the stability of global oil markets.
The government has described these increases as unavoidable to alleviate the mounting pressures of fuel subsidies on national finances.
Fuel crisis triggers global economic fears
- Amazon to slap a 3.5% surcharge on third-party sellers as Iran war drives up fuel prices ABC News —
- Oil prices surge while Asian share prices rise moderately ABC News —
- Westpac CEO Warns Iran War May Spark Recession in Australia Bloomberg —
- Australia’s fuel situation improves as ships carrying fuel head to our shores Sydney Morning Herald —
- Amazon slaps increased charges on third-party sellers as Iran war hits The Independent —