Fuel panic in Chile - Cars queue at petrol stations ahead of 30% price hike as Iran war disrupts global oil supplies

"Chilean drivers formed long queues at petrol stations on Wednesday after the government announced an increase of up to 30% in fuel prices, citing a global rise in oil costs linked to the war in Iran. Footage shows dozens of cars waiting to refuel at gas stations. The situation has generated concern and uncertainty among the population, especially in sectors that rely on daily transport. "It hits everyone hard, especially workers, people who travel long distances, because transport is ultimately a necessity, a daily basic need," said Ana Calfucoi, an affected driver. Petrol station operators have reported an unusual spike in demand, with some stations facing critical supply pressure. "The collective panic began on Tuesday after the government announcement. Petrol stations were overwhelmed, causing shortages at many sites," said petrol station manager Jose Soto. On March 23, Finance Minister Jorge Quiroz confirmed a petrol and diesel price increase of up to 30%. The price of 93-octane petrol will rise by 370 Chilean pesos per litre (about US$0.40), while diesel will increase by between 570 pesos (US$0.63) and 580 pesos (US$0.65). The government described the move as an adjustment aimed at aligning domestic prices with international markets. The minister said the hike reflects a global shock triggered by a conflict that has disrupted oil markets, marking one of the most significant impacts since the 1970s. While many expressed frustration over the increase, some blamed the current administration, criticising Jose Antonio Kast's government for what they describe as a limited response and warning that the situation could trigger protests. Global energy markets remain under pressure following escalating tensions in the Middle East, particularly after the launch of US-Israeli military operations against Iran on February 28. The conflict has disrupted key shipping routes via the Strait of Hormuz and driven oil prices sharply higher."

Go to News Site