US-Iran crisis: 94 countries subsidise fuel as Nigerians pay more
As 94 countries subsidise fuel due to the US-Iran crisis, Nigerians face rising petrol and diesel prices. Experts call for targeted interventions to ease t Read More: https://punchng.com/us-iran-crisis-94-countries-subsidise-fuel-as-nigerians-pay-more/
As the US-Iran conflict and the closure of the Strait of Hormuz disrupt global energy markets, 94 countries have introduced price supports such as fuel subsidies, caps, and tax measures to cushion the impact on households and businesses, while 58 have adopted energy conservation measures and 30 have announced longer-term structural policies to reduce fuel use, according to the International Energy Agency. Nigerians, however, continue to bear the brunt of rising petrol and diesel prices despite these measures.
Written by urgent.news from Punch's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
