Measures to Mitigate Rising Fuel Prices

ESG Consulting

The implications of the ongoing Russia-Ukraine war on the global macro drivers are becoming clearer and more alarming. Increasing fuel prices have sparked deadly riots. Energy prices are at their peak, and the situation is likely to remain volatile. The EU is proposing to phase out its dependence on fossil fuels from Russia well before 2030. Here's SGAs' crisp guide on what measures can help mitigate the rising fuel prices. 

Key Highlights: 

- Europe is trying to diversify energy supply routes and sources 

- The European Commission (EC) has adopted a new Temporary Crisis Framework as state aid measures to offer short-term support to companies with high energy exposure 

- The US government is encouraging domestic production to improve supply and ensure the continued readiness of the reserve to respond to future emergencies

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