UN Says Global Fuel Subsidies Could Top $1 Trillion ...Middle East

Economy by : (OILPRICE) -
Fuel subsidies amid the oil price shock could exceed $1 trillion this year, the United Nations said, warning that many governments are running out of fiscal resources to sustain subsidies, fuel tax reductions, or price caps.  Estimates in a United Nations Development Programme (UNDP) report suggest that at current energy prices, global fossil fuel subsidies could easily surpass $1 trillion this year.  “Countries are reaching a breaking point in their efforts to shield vulnerable populations from energy and food price hikes,”…

Hence then, the article about un says global fuel subsidies could top 1 trillion was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UN Says Global Fuel Subsidies Could Top $1 Trillion )

Last updated :

Also on site :

Most Viewed Economy
جديد الاخبار