Overview of the Fuel Crisis in 2022
September 4, 2024 ⚊ 1 Min read ⚊ Views 22 ⚊ TECHNOLOGY
In 2022, the world experienced a major Fuel Crisis that affected many people and businesses. This problem arose from several issues. First, the COVID-19 pandemic had already disrupted the global economy. As countries began to recover, the demand for fuel surged, but the supply couldn’t keep up. Oil-producing countries had reduced their production during the pandemic, and when demand went up again, they found it hard to increase production quickly. This imbalance caused a fuel shortage and led to higher prices at petrol stations.
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Tags: Causes of fuel shortage, Major fuel crisis
