The cost of living in Southeast Asia has taken a sharp hit as petrol prices surged by over 20 per cent in Vietnam this Friday.
This sudden increase follows a midnight government announcement triggered by growing fears of oil and gas shortages linked to the intensifying Middle East conflict.
Specifically, the price for 95-octane gasoline has jumped to 30,690 Vietnamese dong ($1.20) per litre.
Even more alarming is the spike in diesel prices, which rose by nearly 34 per cent, reaching 33,420 dong.
Since the regional instability began in late February, citizens have seen petrol and diesel prices climb by a staggering 50 per cent and 70 per cent, respectively.
This energy crisis is not limited to Vietnam.
In Myanmar, the cost of fuel jumped by roughly 30 per cent in just 24 hours, leading to long queues at filling stations as panicked motorists scrambled to top up their tanks.
Similarly, Thailand has reported higher diesel rates as governments struggle to subsidize costs.
In Hanoi, residents like Minh Anh have noted that the usually chaotic traffic has thinned out because many can no longer afford the continuous hike in fuel costs.
As the aviation sector warns of reduced domestic flights due to potential shortages, the "ordinary people" remain the primary sufferers of this global economic squeeze.
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