Daily Brief: Vietnam Gasoline Surges 30.5%; Canada Inflation Hits 2.8%

Vietnam saw the sharpest weekly fuel price increase globally, with gasoline jumping 30.5% to $1.250 per liter, according to Reuters and Al Jazeera reports. The government has tapped its stabilization fund and introduced emergency measures, per Vietnam Briefing, as the Strait of Hormuz closure creates energy shortages, as noted by MUFG Research.

Canada's gasoline rose 21.5% to $0.937 per liter, contributing to April inflation of 2.8%, per the Financial Post. Meanwhile, the Philippines saw diesel drop 21.2% to $1.298 per liter, though mixed adjustments were reported by Inquirer.net. Finland's diesel fell 18.4% to $2.554 per liter, amid broader European price spikes linked to the Iran war, per Euronews.

Watch for continued volatility in Southeast Asia as subsidy challenges persist, per IEEFA, and for potential rate fears in Canada as energy prices fuel inflation concerns, per BNN Bloomberg.