Petrol Crisis

A petrol crisis occurs when there is a significant shortage or disruption in the supply of gasoline, leading to increased prices, long queues at fuel stations, and difficulty in obtaining fuel. This can result from factors such as geopolitical conflicts, refinery shutdowns, supply chain issues, or rising global demand. The imbalance between supply and demand causes consumers and businesses to face inconvenience and economic impacts. Managing such crises often involves government interventions, strategic reserves, and efforts to stabilize supply and prices to prevent widespread disruption.