Pradeep Kumar, a worker in Morbi's ceramics industry, lost his job due to a global fuel crisis triggered by geopolitical tensions, highlighting the industry's vulnerability to external factors.
"Lowering speeds does reduce fuel consumption, especially at highway speeds, because aerodynamic drag increases rapidly as speed rises. A reduction of around 10 km/h can realistically lead to fuel savings in the order of 5-10 per cent, depending on the vehicle and driving conditions."
As it stands today, as a result of the strategic reserves being released and the sulphur content restrictions being eased, there is in fact more petrol in the economy today than there was five weeks ago or four weeks ago.
We might be talking about work from home mandates. We might be talking about restrictions on air travel and even rationing, if it got bad enough for long enough. This assessment from Rabobank's senior macro economist Benjamin Picton highlights potential escalation of fuel conservation measures globally if supply constraints continue.
