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Rising oil prices linked to civil unrest |
| Home | (IHT) - There are deep roots to Myanmar's current unrest, pitting its repressive regime against Buddhist monks, but the immediate spark was the junta's unexpected decision in August to double fuel prices. Overnight, diesel prices skyrocketed, and compressed natural gas rose fivefold. In this respect, Myanmar is not an isolated case. Rising oil prices in recent years have created all kinds of headaches as they have rippled across the world. Many governments, especially in the developing world, have had to choose between raising domestic subsidies to offset the increases or letting the people bear the brunt. |