IEA suggests members assess need for more diesel releases

According to Business Recorder, the International Energy Agency's Executive Director Fatih Birol proposed on Sunday that every member weigh up if more diesel releases are needed. He also asked members to detail how large any such release would be, when it would happen and whether it is supplemental. The remarks were reported from Washington.

The idea comes as governments seek ways to ease record fuel prices and supply disruptions tied to the Iran war. Birol's proposal leaves the assessment in the hands of each member. Each member would need to show how large any extra release would be and when it would take place.

For Pakistani readers, the story concerns global diesel supply and policy responses to record fuel prices. The report does not name any company listed on the Pakistan Stock Exchange, so no direct effect on local stocks is stated.