Diesel Prices Jump 60% Since February Amid Global Conflict
Crude oil remains above $100 per barrel as Middle East disruptions drive global unrest. Diesel costs have surged 60% since late February, triggering protests in Syria, Guatemala, and France.
Diesel prices have risen by approximately 60% since late February. Crude oil trades above $100 per barrel following recent geopolitical disruptions. These figures mark a sharp increase from the $60 to $70 range observed before the U.S. and Israel attacked Iran on February 28. The cost spike has triggered demonstrations in multiple countries.
Syria Faces Transport Blockades
Hundreds of tanker trucks remain stranded near Tal Tamr in Syria. The government raised gasoline prices by more than 25% and diesel by 40% this week. Officials cited global fuel disruptions and refinery repair work as the cause. Protests erupted on highways connecting Turkey to Aleppo.
Guatemala Sees Rising Civil Unrest
Transport workers and Indigenous groups have protested in Guatemala. The Armed Conflict Location and Event Data project recorded 40 demonstrations across 27 cities by September 4. Road blockades and vehicle arson occurred in the capital and other regions. Drought conditions linked to El Niño have compounded the economic pressure.
European and Asian Protests
Fishermen in France blocked an oil depot in Fos-sur-Mer on Tuesday. They cited rising fuel costs and poor working conditions. Similar fuel-related unrest has been reported in the Philippines and Portugal. Labour unions in Bolivia have also staged roadblocks over fuel shortages. GN auto markets/energy data confirms the broad geographic spread of these economic tensions.
