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UN Says Global Fuel Subsidies Could Top $1 Trillion
Fuel subsidies amid the oil price shock could exceed $1 trillion this year, the United Nations said, warning that many governments are running out of fiscal resources to sustain subsidies, fuel tax reductions, or price caps.
AI Summary
The United Nations warned that fuel subsidies triggered by the oil price shock could surpass $1 trillion this year, noting that many governments are depleting fiscal resources needed to maintain subsidies, tax cuts, or price caps.
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