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شبكة شام الإخبارية
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Global fuel prices rise due to supply issues
Global fuel markets are experiencing rising prices for gasoline and diesel due to disruptions in supply systems and declining refining capacities, amid ongoing geopolitical tensions and wars that affect oil sources and supplies. The increase is linked to high shipping and insurance costs, reduced quantities of refined products, and heightened competition for these products—especially as maritime traffic through the Strait of Hormuz, one of the most sensitive points in the energy market, continues to deteriorate. Additionally, higher refining margins in regions such as Russia and the Middle East have led to fuel shortages and increased local prices. To compensate for the supply gaps, an expanding network of alternative routes at higher costs is being developed, which raises expenses for reaching the end consumer. Ultimately, the rise in gasoline and diesel prices reflects more than just the barrel price of oil; it results from accumulated costs associated with production, transportation, storage, and distribution. The impacts vary depending on each country’s reliance on imports and its level of stockpiles.
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