Daily Brief: Pakistan Diesel Surges 14%, Indonesia Drops 13%

Pakistan diesel prices surged 14.0% to $0.828 per liter, the largest weekly gain among tracked markets, as the country faces [news reports indicate] amid Middle East conflict, according to Reuters and OilPrice.com reports. The spike threatens economic stability, per Al Jazeera, with protests already erupting in Kenya.

In contrast, Indonesia diesel fell 13.0% to $1.106 per liter, the biggest decline, following a decree allowing state agency imports to boost energy security, as reported by Reuters. Kenya diesel rose 11.0% to $1.517 per liter, hitting record highs and sparking deadly protests, per Business Insider Africa and BBC reports. Finland saw gasoline and diesel drop 8.1% and 7.7%, respectively, to $2.541 and $2.655 per liter, bucking European trends.

Watch for continued volatility in Pakistan and Kenya as supply fears persist, while Indonesia's subsidy policies may face further pressure from the rupiah slide, per Jakarta Globe. Global oil supply disruptions from the Iran war remain a key risk for Asian markets, according to the Council on Foreign Relations.