Skip to content

News · World News

Fuel price shock: Why developing economies are paying the most at the pump

Source: United Nations

Image: United Nations

When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade and development agency.

This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.

Read the full story at United Nations

Original publisher: United Nations

Spotted an error? Request a correction · Corrections Policy

Related stories