INCREASING diesel prices are straining governments as they seek to eliminate inflation from rising energy costs and discontent from upset truck operators that are seeing profits shrink, reports Bloomberg News.
The diesel market has tightened significantly due to reduced supplies from China and the Covid crisis.
That's led to rising prices, putting a strain on truckers and governments, including Thailand.
The increasing cost of fuels is posing a challenge for authorities and central banks globally.
Meanwhile convoy of trucks clogged streets in Bangkok in protest, while similar protests have been seen in Bangladesh and Indonesia.
The sector has experienced numerous hurdles since the start of the Covid crisis.
Diesel's surge is part of a global upswing in energy prices, the highest level since 2014.
'We have been patient and run at losses for a year,' said Land Transport Federation of Thailand president Apichart Prairungruang.
'We need to come out to fight.'
Trucks are imperative to supply chains across Asia and disruptions can worsen shipping delays and congestion at ports.
In India, the cost of operating trucks has climbed 15 per cent to 20 per cent over the past year, outpacing a gain in freight charges.
There are also concerns that diesel prices will increase again once elections in some states end in March.
Said All India Motor Transport Congress secretary-general Naveen Gupta: 'There would be a big repercussion,'
'There will be clamor for agitation asking the government to cut down prices.'
SeaNews Turkey
The diesel market has tightened significantly due to reduced supplies from China and the Covid crisis.
That's led to rising prices, putting a strain on truckers and governments, including Thailand.
The increasing cost of fuels is posing a challenge for authorities and central banks globally.
Meanwhile convoy of trucks clogged streets in Bangkok in protest, while similar protests have been seen in Bangladesh and Indonesia.
The sector has experienced numerous hurdles since the start of the Covid crisis.
Diesel's surge is part of a global upswing in energy prices, the highest level since 2014.
'We have been patient and run at losses for a year,' said Land Transport Federation of Thailand president Apichart Prairungruang.
'We need to come out to fight.'
Trucks are imperative to supply chains across Asia and disruptions can worsen shipping delays and congestion at ports.
In India, the cost of operating trucks has climbed 15 per cent to 20 per cent over the past year, outpacing a gain in freight charges.
There are also concerns that diesel prices will increase again once elections in some states end in March.
Said All India Motor Transport Congress secretary-general Naveen Gupta: 'There would be a big repercussion,'
'There will be clamor for agitation asking the government to cut down prices.'
SeaNews Turkey
