Global diesel prices have risen sharply due to the outbreak of hostilities in the Middle East, writes 24tv.ua. Geopolitical tensions have caused a chain reaction on energy markets, which has led to a significant increase in fuel prices in many countries. According to analysts at Global Petrol Prices, Ukraine is among the top ten countries with the highest rates of diesel price growth.<\/p>\n
Who are the leaders in growth<\/p>\n
The largest price increases were recorded in Asian countries and markets dependent on fuel imports:<\/p>\n
Philippines \u2014 +81.6%<\/p>\n
Nigeria \u2014 +78.3%<\/p>\n
Malaysia \u2014 +57.9%<\/p>\n
Australia \u2014 +52.1%<\/p>\n
Vietnam \u2014 +45.9%<\/p>\n
Singapore \u2014 +44.0%<\/p>\n
USA \u2014 +41.2%<\/p>\n
Situation in Ukraine<\/p>\n
Diesel prices in Ukraine have increased by 33.9%. This means:<\/p>\n
the country is in the top 10 in terms of growth rates<\/p>\n
but the rate is lower than in most Asian markets<\/p>\n
For comparison:<\/p>\n
Canada \u2014 +36.9%<\/p>\n
Germany \u2014 +30.9%<\/p>\n
France \u2014 +27.8%<\/p>\n
China \u2014 +25.4%<\/p>\n
Great Britain \u2014 +18.0%<\/p>\n
Thus, Ukraine is ahead of most developed economies in terms of price increases.<\/p>\n
Where growth is minimal<\/p>\n
The lowest rates or price stability were recorded in energy-strong or regulated economies:<\/p>\n
Qatar \u2014 +7.9%
\nUAE \u2014 +7.9%
\nJapan \u2014 +14.0%
\nSouth Korea \u2014 +15.1%
\nIndia \u2014 unchanged
\nSaudi Arabia \u2014 unchanged<\/p>\n
Reasons for price increases<\/p>\n
Experts identify several key factors:<\/p>\n
Risks of oil supply disruptions due to geopolitical tensions around Iran
\nIncreasing costs of logistics and transportation insurance
\nHigh dependence of many countries on fuel imports
\nSpeculatory factor in global markets<\/p>\n
Main trend<\/p>\n
Asian markets, which are largely dependent on energy imports, turned out to be the most vulnerable. This is what led to record price increases in the region.<\/p>\n
Conclusion<\/p>\n
The global fuel market has once again confirmed its sensitivity to geopolitics:<\/p>\n
even a local conflict has a global impact<\/p>\n
import-dependent countries react the strongest<\/p>\n
Ukraine is in a high-risk group due to the market structure, high tax burden and parliamentary crisis that does not allow changing legislation in a timely manner to respond to the situation.<\/p>","protected":false},"excerpt":{"rendered":"
Global diesel prices have risen sharply due to the outbreak of hostilities in the Middle East, writes 24tv.ua. Geopolitical tensions have caused a chain reaction on energy markets, which has led to a significant increase in fuel prices in many countries. According to analysts at Global Petrol Prices, Ukraine is among the top ten countries […]<\/p>\n","protected":false},"author":1,"featured_media":10725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-10724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/posts\/10724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/comments?post=10724"}],"version-history":[{"count":1,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/posts\/10724\/revisions"}],"predecessor-version":[{"id":10727,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/posts\/10724\/revisions\/10727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/media\/10725"}],"wp:attachment":[{"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/media?parent=10724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/categories?post=10724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corporativ.info\/en\/wp-json\/wp\/v2\/tags?post=10724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}