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FACTBOX: Protests around the globe as oil prices pinch

Sat Jun 7, 2008 4:04pm IST
 
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(Reuters) - Oil prices have doubled over the last year and risen 44 percent this year alone, with U.S. crude surging to a record high $139.12 a barrel on Friday, a troubling rise for energy ministers of the Group of Eight Nations plus China, India and South Korea, who are meeting in northern Japan this weekend.

Since 2004, oil prices have shed their typical $20-$30 a barrel stability to climb steadily, due to factors such as new demand from India and China and supply threats from conflict in the Middle East.

The Group of Eight consists of the United States, Canada, Japan, Russia, Germany, France, Italy and Britain.

Here are some facts on how people around the globe have reacted to rising fuel costs:

* Belgium: Fishermen, mainly from France and Italy, demonstrated against soaring fuel prices on June 4, and some clashed with policy near the European Union's headquarters. French fishermen say they will go broke unless they can buy diesel at half the market rate.

* Britain: Hundreds of protesting truck drivers blocked London roads on May 28, causing chaos. Almost a week later fishermen's groups massed in the centre of the capital to demand urgent government aid to ease rising fuel costs.

* Bulgaria: More than 150 truck drivers and dozens of bus drivers from across Bulgaria converged in a convoy on the outskirts of the capital Sofia on May 28, saying high fuel prices meant they were operating at a loss.

* Chile: Thousands of Chilean drivers parked their trucks along national highways this week to protest soaring fuel prices and diesel taxes in a tacit rejection of the government's $1 billion dollar (509 million pound) cash subsidy on consumer fuel prices. They lifted the strike on June 6.

* Italy: Commercial fishermen went on strike on May 30, closing down the industry on both coasts.   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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