Al-Shoubaki warns of diesel price hikes worsening inflation
The rising diesel prices threaten to sustain higher transportation and production costs, which in turn affect the prices of goods and services and increase social and economic pressures. Although the Brent oil price has fallen below $100, diesel prices still remain above 2008 levels due to complexities in refining and transportation, as well as the widening gap between its price and crude oil. Experts warn that if this crisis continues until the end of 2027, governments will need to strengthen reserves, diversify supply sources, and provide targeted support to the most affected sectors.
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