Somali fuel prices rise 15% due to tensions in Middle East
Fuel in Somalia has become more expensive by 15% due to rising tensions in the Middle East — in the area of the Straits of Hormuz and Bab el-Mandeb — and fears about the situation in the Middle East.
Fuel in Somalia is down 15% due to rising tensions in the Middle East – in the Straits of Hormuz and Bab al-Mandeb – and concerns about the prospects for global energy supplies and rising freight costs. It's from sb.by.
According to TASS, the Goobjoog portal, citing prices at Mogadishu gas stations, drew attention to the fact that the rise in prices was recorded against the background of a deterioration in the situation on the main international shipping routes that connect the leading oil-producing areas with global markets. Somalia is heavily dependent on external shocks to the energy market because it relies heavily on imports of petroleum products. Interruptions in marine supplies could raise freight and insurance rates, increase delivery times for ordered goods and ultimately increase the cost of fuel supplies to Somalia.
Earlier in September, consumers in Mogadishu complained about the lack of fuel and a sharp rise in the price of household gas. Merz promised to introduce measures to curb the rise in fuel prices
This is the result of the position of the countries involved in the conflict. Khizhnyak on record growth of fuel prices in the EU
