Global fuel subsidies increase amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- has surged
- 38
- in just four
- 16
- per barrel
- $110
- governments to lower
- 57
- in April
- 40
The number of countries providing fuel subsidies has surged to 38 from 16 in just four months due to rising energy prices linked to Middle East tensions. Brent crude prices neared $110 per barrel, prompting 57 governments to lower energy taxes, up from 40 in April. This trend reflects growing consumer support amid escalating costs.
Not investment advice. For informational purposes only.