fuel subsidies

UN warns fuel subsidies could top $1 trillion amid Iran war

Governments are running out of room to protect consumers from the energy price shock caused by the Iran war, according to a United Nations Development Programme report released Friday. The report says global fuel subsidies could cost more than $1…

38 countries now subsidizing fuel as energy crisis widens

The number of countries providing direct fuel subsidies to consumers has surged to 38, more than doubling in four months from 16, according to an analysis of International Energy Agency data published Monday by the Financial Times. The expansion underscores…