Fuel prices have rapidly increased in many regions since the war in Ukraine began, nearly doubling in Europe and the Americas. Amid growing energy security concerns, there is no end in sight to fuel price volatility.
Millions of smaller road transport operators are at risk of bankruptcy due to a cash flow crunch. Global supply chain capacity remains constrained, impacting post-pandemic economic recovery, and escalating transport costs are feeding inflation and negatively impacting people’s lives, especially the poor.
This press conference will brief journalists on the emergency plan recently adopted by the International Road Transport Union (IRU), with seven measures to deal with fuel price escalation and eight measures on energy security and decarbonisation.
Radu Dinescu, President, International Road Transport Union (IRU)
Umberto de Pretto, Secretary General, IRU