Shakespeare’s Richard III opens with the winter of discontent giving way to glorious summer. Pakistan faces the reverse: a calm autumn is about to give way to a winter of diesel. Prices have risen by more than 40 percent since late February, and they will not fall soon. Some sound policy decisions have been taken, but much work remains. The Middle East conflict is a major factor behind the tightening diesel market. But global supply has also been severely hit by the Russia-Ukraine war, since Rus
Pakistan’s winter of diesel
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