Fuel price shock: Why developing economies are paying the most at the pump
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Oil prices rose globally after war shut the Strait of Hormuz in February. A report from UNCTAD indicates that the impact at fuel pumps has not been equal across all regions. Developing economies are paying the heaviest prices. UNCTAD is the trade and development agency of the UN.
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. The post Fuel price shock: Why developing economies are paying the most at the pump appeared first on Post Courier .