Myanmar Tops Global Fuel Price Surge With Petrol Up 89.7% and Diesel Jumping 112.7%
Updated
Updated · The Times of India · May 19
Myanmar Tops Global Fuel Price Surge With Petrol Up 89.7% and Diesel Jumping 112.7%
2 articles · Updated · The Times of India · May 19
Myanmar posted the steepest fuel-price increases in the comparison set, with petrol rising 89.7% and diesel soaring 112.7%.
Pakistan ranked next on petrol at 54.9%, while the United Arab Emirates recorded the second-largest diesel increase at 86.1%, underscoring how far Myanmar stands above peers.
The United States also saw sharp gains—44.5% for petrol and 48.1% for diesel—while China and France logged more moderate increases in the 20% to 31% range.
At the low end, India's fuel prices rose about 4%, Japan's climbed roughly 10%, and Saudi Arabia showed no increase in either petrol or diesel.
If today's oil prices are cheaper than in 2003, why does the economic impact feel so severe?
With the UAE now out of OPEC, is the era of cartel-controlled oil prices finally over?
As strategic reserves offer only temporary relief, what is the permanent fix for volatile fuel prices?