Rich Countries Gobble Up Fuel While Poorer Nations Stuck With Brewing Unrest
Governments across the developing world are struggling to keep energy flowing to citizens frustrated by rising prices, as tight supplies and weaker currencies put some sources out of reach.
Autorickshaw drivers shout slogans during an anti-government demonstration to protest against inflation and fuel price hikes in Lahore, Pakistan.
Photographer: Arif Ali/AFP/Getty Images
Russia’s war in Ukraine has Europe bracing for a tough winter, but the costs are piling up higher in emerging nations as governments struggle to keep energy flowing to citizens hit by surging inflation.
Pakistan’s government is triggering rolling blackouts and boosting power bills because it can no longer secure enough fuel. Shops in Bangladesh are closing at 8 p.m. as part of energy austerity measures, while Mexico’s government has bolstered subsidies to cushion residential electricity costs.