High fuel prices spark protests in Asia and Europe

MADRID (Reuters) – Protesters marched in India, Hong Kong and Nepal over soaring oil prices on Tuesday and Spaniards stockpiled fuel and food, fearing shortages because of a truck drivers’ strike that has halted deliveries.

South Korean truck drivers also threatened to strike, increasing pressure on Asian governments struggling to prevent rising prices from breaking their budgets and avoid making the burden on the public so heavy it threatens political stability.


The strike by Spanish truck drivers, which Portuguese drivers have also joined, was backed by protests across the border in France over the impact of high oil prices, now at record highs of over $139 per barrel.

Diesel has risen to 1.30 euros/liter from 0.95 euros a year ago, putting pressure on European Union governments to help heavy fuel users such as truck and taxi drivers, fishermen and farmers.

In Spain, cars queued at petrol stations — 40 percent of which had run out of fuel in the worst affected area of Catalonia — and supplies of fresh food began to run low in some markets, Spanish media reported.

Reuters