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Soaring diesel prices are straining governments across Asia as they seek to stave off inflation from rising energy costs and quell discontent from aggrieved truck operators that are seeing profits shrink.

The diesel market in Asia has tightened significantly as reduced supplies from China coincided with production disruptions and surging demand in economies rebounding from the pandemic. That’s led to rising prices, putting a strain on truckers and governments including Thailand, which this week rejected a plea for an extra fuel subsidy, saying it would cost as much as $7.3 billion a year.

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