Jakarta, CNBC Indonesia – The war between Russia and Ukraine has had a negative impact on the world economy, including the crisis in various sectors.
Most recently, the conflict in Eastern Europe has had an impact on Russia’s gas supply to Europe.
Apart from Europe’s commitment to reduce dependence on Russian gas, supply cuts in the near future also make the Blue Continent nervous and look for solutions to escape the crisis.
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However, outside of the developed countries of Europe, a number of developing countries have in fact experienced an energy crisis first.
One of the blows for a number of countries is the disruption of the global supply chain of oil and gas (oil and gas) which leads to a fuel crisis.
The supply chain disruption is not the only factor that causes the fuel shortage. The wider economic crisis to the mismanagement of the government that has occurred long before, are factors that cannot be ruled out.
Here are some countries experiencing fuel shortages, quoted from various sources.
Sri Lanka
Sri Lanka has been a country where banks have been in the spotlight recently. The country of 22 million people recently went bankrupt after experiencing its worst economic crisis since independence in 1948.
Before being declared bankrupt, Sri Lanka even lacked money to import important commodities for its economy, including fuel oil (BBM). In fact, Sri Lanka’s oil reserves continued to shrink for less than a day.
This made the Sri Lankan government implement a policy of limiting the purchase of fuel. All private vehicles are prohibited from buying fuel because the available reserves are prioritized for certain sectors, such as ambulances in the health sector which are considered essential.
Haiti
Haiti is currently experiencing a severe fuel and energy crisis. The reason is that gang activity in the country has begun to disrupt fuel distribution routes throughout the country.
The director of the country’s Public Electric Utility Administration (EDH), Jose Davilmar said gangsters had already started several lanes of roads and ports. Most recently, there were three ships unable to dock because they were blocked by criminal gangs.
“Recently, three ships loaded with fuel were unable to dock due to reprisals by bandits at Cite Soleil,” he said.
This has also started to trigger public complaints. In the Jeremie region, a coastal town in the far southwest of Haiti, a gas station said it had run out of fuel for months.
The crisis has also prompted residents to turn to the black market, where gasoline and diesel are available at six times the rate set by the government.
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Barricades erected on the streets of Port au Prince to protest petrol shortages in Port Au Prince, Haiti (Anadolu Agency via Getty Images)- – |
Panama
Demonstrations in Panama due to high fuel and food prices have been going on for 3 weeks. Meanwhile, the high price of fuel is caused by reduced supply as a result of corruption by state officials.
Last week, Panamanian President Laurentino Cortizo announced that he would reduce fuel prices to 24% of prices by the end of June. However, many demonstrators stated that the price of fuel had not completely come down and that they would continue to carry out road closures.
Ecuador
The fate of Ecuador is almost the same as that of Panama. The reduced supply has inflated fuel prices.
The government spends about US$ 3 billion per year to provide a fixed price of gasoline at US$ 2.55 and diesel at US$ 1.90 per gallon.
On June 26, President Guillermo Lasso proposed cutting 10 cents from each of the prices, but the powerful Confederation of Indigenous Peoples of Ecuador, which has led protests for two weeks, rejected the plan and demanded reductions of 40 and 45 cents.
The government agreed to cut each price by 15 cents and the protests eventually subsided.
Argentina
At the beginning of last June, there were at least 19 provinces in Argentina that experienced a shortage of fuel, especially diesel. The scarcity of fuel also makes the price of fuel in the country skyrocket.
Not only that, the fuel crisis is also at risk of slowing down the country’s economy because a number of industries are observed to be in short supply of diesel.
 Demonstrations in Ecuador. REUTERS/Santiago Arcos-– |
Because
The lack of supply and soaring fuel prices have had an impact on efforts to provide electricity in the country.
The country is also now busy with power outages that continue to occur throughout the country. The government has not been able to confirm when the electricity supply will return to normal because the very limited supply of fuel makes operating reserves in a number of electrical systems run low.
Nigeria
Long queues at refueling stations have become a common sight in Nigeria, especially since Russia launched its attack on Ukraine on February 24.
The war has disrupted fuel supplies to the country. Even if there is, the price has soared, even up to 100%.
Cameroon
Like Nigeria, the country is also struggling to meet domestic demand for fuel. The Cameroonian government is also concerned about the swelling subsidy budget to cover the widening price gap.
Many motorists also have to bite their fingers because the purchase of fuel is limited. This also has an impact on the livelihoods of a number of people who rely on cars for work.
Laos
The lack of fuel supply is also experienced by the Southeast Asian country, Laos. The high price in the market made the country think of buying Russian oil which had been discounted.
Lao media reported that Kremlin gasoline was 70% cheaper than international supplies due to the effects of Western sanctions.
One of the Asean member states reportedly wants to take advantage of its different stance on Moscow’s attack on Ukraine. This was done so that Laos would gain access to Russian oil which would reduce the country’s fuel shortage.
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