The G7 idea to place a price cap on Russian oil should include a cap on the prices of gasoline and diesel, too, Fatih Birol, Executive Director of the International Energy Agency (IEA), told Reuters in an interview published on Tuesday. “My hope is that the proposal, which is important to minimise the effect on the economies around the world, gets buy-in from several countries,” Birol told Reuters on the sidelines of an energy forum in Australia. “And if it is pursued, it is not only focused on crude oil, as refined products are also an important challenge for the economies and will be more of a challenge in the next months to come,” the IEA’s chief added. After their summit in Germany last month, the leaders of the G7 group of the world’s leading industrial nations invited all importing countries to consider a cap on the price of […]