Transportation Sector, Ridesharing Slammed By High Fuel Prices ...Middle East

Economy by : (OILPRICE) -
The surge in diesel and gasoline prices this year is stoking inflation and affecting many businesses. The distillate fuel crunch and high prices globally and in the United States are eating into the margins of road freight transport operators, while gasoline prices at a seven-year-high are slamming the drivers at rideshare services and adding surcharges for customers. The highest oil and gasoline prices since 2014 and the highest diesel prices in the U.S. on record struck in March and are raising operating expenses for trucking companies hauling…

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