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‘Come Out to Fight’: Surging Diesel Strains Asia’s Truckers

  • Regional market tightens on robust demand, stretched supply
  • Rising energy costs cause inflationary pressure across world
Updated on

Soaring diesel prices are straining governments as they seek to stave off inflation from rising energy costs and quell discontent from aggrieved truck operators that are seeing profits shrink.

The diesel market in Asia has tightened significantly as reduced supplies from China coincided with production disruptions and surging demand in economies rebounding from the pandemic. That’s led to rising prices, putting a strain on truckers and governments including Thailand, which this week rejected a plea for an extra fuel subsidy, saying it would cost as much as $7.3 billion a year.