Daily Brief: Georgia Gasoline Plunges 19.7%, Vietnam Surges 19.1%

Georgia recorded the steepest gasoline price drop among tracked markets, falling 19.7% to $1.004 per liter over the past week, according to Nexignis data. This decline contrasts with reports from Georgia Today and Reuters highlighting ongoing global energy uncertainty and White House efforts to seek gas-price relief amid the Iran war.

Vietnam saw the largest increase, with gasoline prices jumping 19.1% to $1.025 per liter, as reported by Reuters and East Asia Forum, citing the government tapping its stabilization fund and broader economic strain from elevated oil prices. The Philippines also experienced a notable 12.9% decline to $1.344 per liter, with Inquirer.net and Rappler reporting big rollbacks bringing prices closer to prewar levels.

India’s diesel fell 10.8% to $0.999 per liter, though Bloomberg and Reuters note that high oil prices continue to weigh on shares and demand growth. Watch for further subsidy adjustments in Southeast Asia, as per IEEFA reports, and potential supply disruptions tied to the ongoing Iran conflict affecting regional fuel markets.