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Economy

Oil price rally puts Asian governments in a tight spot

Burden on consumers increases pressure for action on fuel prices

A woman uses a funnel to fill the tank of a man's motorbike at a gas station in Gujarat, India. (Photo by Shinya Sawai)

JAKARTA/NEW DELHI -- Rising oil prices in recent months have cast a shadow over several Asian economies, causing inflation to rise in some countries and complicating macroeconomic management.

With a number of pivotal elections on the horizon, certain governments have come under pressure to expand fuel subsidies or cut taxes to offset the impact on daily life.  

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