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The impact of the Iran war is now visible outside West Asia also. The price of crude oil has crossed $100 per barrel. Its effect is visible differently in every country.
At some places there are long queues at petrol pumps, at some places cooking gas is not available. Fishermen in the Philippines are not able to go to sea due to expensive diesel.
The work of garment factories in Bangladesh has been affected due to shortage of gas and electricity. The government in Sri Lanka is confused whether to increase the price of fuel or to provide relief to the people by giving subsidy.
At the same time, in Syria and Guatemala, people took to the streets against expensive fuel. Drivers in Portugal protested by driving slowly and blowing their horns continuously.
That means the oil crisis is no longer limited to petrol pumps only. Its impact is reaching transportation, farming, fishing, electricity and industry.
Indonesia: Queue for petrol, shortage of gas too
There have been complaints of shortage of cooking gas and power cuts in Sulawesi province of Indonesia. Petrol rationing has also been started at some places.
Long queues are forming outside petrol pumps. Many people are seen pushing a bike with an empty tank to the pump.
Taxi drivers demonstrated against fuel rationing. Students in Yogyakarta, Java, also protested against rising fuel prices.
The problem for Indonesia is that the government already subsidizes fuel. If the price of crude oil is increasing more than expected, the cost of this subsidy is also increasing.
A shopkeeper separating domestic LPG cylinders in Indonesia on Monday. The price of 12 kg LPG cylinders has been increased in Jakarta, East Java and Central Java.
Philippines: Diesel so expensive that fishermen stopped boats
Fishermen in Manila Bay were preparing to return to sea after several weeks of rain. But expensive diesel increased their problems.
A large number of fishermen did not go to sea with boats because they did not have enough money to buy fuel.
Fernando Hicap, leader of the fishermen’s organization, said many were ready to go fishing again, but it has been difficult for them to buy fuel to put in their boats.
Its impact is not only on the earnings of fishermen. If boats do not go to sea, the supply of fish may also be affected.
Protests were held in Manila, the capital of the Philippines, against rising oil prices.
Bangladesh: Textile industry affected due to gas shortage
Bangladesh’s troubles have directly reached the industry. The country imports more than 90% of its petroleum needs and a large amount of oil comes from the Middle East.
Electricity production has been affected due to shortage of fuel and gas. This has also affected the textile industry of the country. Some factories had to be temporarily closed.
An official of a garment factory in Ghazipur said that electricity is being cut four-five times a day. Due to this, work in factories stops for several hours.
This is important for Bangladesh because the textile industry is one of the major employment and export sectors of the country. If the shortage of electricity and gas continues for a long time, it may affect production.
Sri Lanka: Two ways before the government, loss in both
The price of fuel in Sri Lanka is fixed every month. But the companies supplying petrol pumps have started limiting fuel supply.
Companies say that they are incurring losses at the current price.
Now the government has two options. He should increase the price of fuel or give more subsidy to the companies to save them from losses.
Increasing the price means petrol and diesel becoming expensive for the people. This may affect the price of transportation and other things.
At the same time, increasing subsidy means increasing government expenditure. Sri Lanka is already going through a period of heavy debt. Therefore, it is not easy for the government to bear the burden of additional subsidy for a long time.
In Sri Lanka, people are pushing their scooters in the long queue for fuel.
Italy: Preparation to give fuel bonus, will get Rs 11 thousand
Diesel may become more expensive in Italy from September 18. The Meloni government is ending the tax relief of 17.08 cents i.e. about Rs 19 per liter.
Diesel prices in Italy are already at their highest level in more than 3 years. The price is expected to rise above 2.4 euros per liter after the removal of tax relief. In such a situation, for filling a 50 liter tank, you will have to pay about 10 Euro more (1110 rupees).
The Italian government is now considering giving direct help to the needy people instead of giving tax relief to everyone. Under this, there is a proposal to give a fuel bonus of 100 Euro i.e. about ₹ 11,100.
This money can be given to the employees along with their salary. In this, apart from employed people, there is also a need to include self-employed people.
A demonstrator holds a poster with the photo of Prime Minister Georgia Meloni during a demonstration against the government in Italy.
Syria: Price increased by 40%, demonstration begins
In Syria, the government announced a 40% increase in the prices of petrol, diesel and other petroleum products.
A few hours later, demonstrations started in many cities. People blocked roads and burnt tyres. The protesters demanded that the increase in prices be withdrawn.
The government says that fuel has become expensive due to the war and there is a compulsion to increase the price.
People blocked the highway in Syria’s Maarat al-Numan on Sunday to protest against rising fuel prices.
Portugal: slow cars on the road and constant horns
Drivers in Portugal adopted a different way of protesting against expensive fuel.
Drivers started protesting under the name ‘Bujinao’ through social media. In this, people keep the speed of their cars very slow and blow their horns continuously.
The price of diesel in Portugal has exceeded $ 9 per gallon. In such a situation, it has had a direct impact on drivers and transport business.
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