36 C
Bangkok
Thursday, March 28, 2024

‘Come out to fight’: Soaring diesel prices strain Asia’s truckers | Energy

Asia’s diesel market is tightening as reduced supplies from China coincide with production issues and rising demand.

By  and Bloomberg

Soaring diesel prices are straining governments as they seek to stave off inflation from rising energy costs and quell discontent from aggrieved truck operators that are seeing profits shrink.

The diesel market in Asia has tightened significantly as reduced supplies from China coincided with production disruptions and surging demand in economies rebounding from the pandemic.

That’s led to rising prices, putting a strain on truckers and governments including Thailand, which this week rejected a plea for an extra fuel subsidy, saying it would cost as much as $7.3 billion a year.

The increasing cost of fuels such as diesel and gasoline is posing a challenge for…

Read more…

Latest Articles