Fuel prices

Three in ten new cars are electric, with rising fuel prices driving increased demand for plug-in vehicles.

The National Energy Fund in Namibia has nearly been depleted after the government spent N$1.3 billion over two months to protect motorists from rising fuel prices.

Chinese electric vehicle (EV) brands like BYD are gaining attention in South Korea's import car market as consumers seek affordable alternatives to domestic models amid rising fuel prices. A South Korean office worker, Choi, cited high domestic EV costs and fuel price increases as reasons for considering Chinese brands.

Kharge accuses the Centre of 'looting' the public due to high fuel prices despite a decline in global crude oil rates. He claims the public is being used by the BJP government to extract taxes and boost collections.

Eight individuals were arrested in connection with an alleged embezzlement scandal involving donations for the Ram temple. The article also highlights a standoff between Nihang Sikhs and police in Uttarakhand, the release of names of servicemen who died during Operation Sindoor, and updates on Venezuela’s earthquake death toll, fuel price revisions, Apple product price hikes, and FIFA highlights.

A federal lawsuit accuses gas station operators in California of using AI-powered software to illegally collude and raise fuel prices. The case alleges that the AI technology facilitated price manipulation in the state.

Australia's underlying inflation rose to 3.6% annually, driven by factors beyond falling fuel prices, prompting economists to warn that further Reserve Bank rate hikes remain likely. Annual inflation fell to 4% in May due to a 12% drop in fuel prices, but trimmed mean inflation increased, signaling ongoing economic challenges.

High oil prices have led to a surge in Chinese electric vehicle sales, but charging networks are struggling to keep up. The war in Iran has influenced the global EV market, allowing Chinese automakers to expand in the developing world as fuel prices rise.

Private bus operators in Kerala are meeting the Chief Minister to address revenue losses caused by free KSRTC travel and rising fuel prices since the last fare revision in 2022.

Morocco's upper house rejected bills to cap fuel prices and nationalise the Samir refinery. Billionaire PM Aziz Akhannouch opposed the measures, which aim to address fuel costs he profits from.

South Africa's consumer inflation rate increased to 4.5% in May 2026, up from 4.0% in April, marking the highest annual rate since July 2024. The rise is attributed to a fuel price surge.

Chile's central bank reduced its 2026 economic growth forecast to 1.0%-1.75% due to weak first-quarter performance in copper mining, farming, and fishing, along with declining summer tourism. The bank also cited softer fuel prices as a contributing factor.

GasBuddy discusses recent changes in fuel prices and potential relief for drivers. Patrick De Haan joins Ronia to analyze the situation and provide insights.

US fuel prices will remain elevated for months following a US-Iran deal to end the war, as producers require time to increase output and port bottlenecks, combined with higher demand, sustain elevated prices.

Inflation in Maryland reached 4.2% annually in May, driven by rising fuel prices and global energy market disruptions, making it harder for families to afford essentials like food and utilities. Energy costs, including gasoline and fuel oil, increased significantly, with gas prices up over 40% nationally. Aid organizations report increased demand for assistance as higher costs strain local food distribution networks.

President William Ruto reaffirmed his commitment to stabilizing fuel prices following an Energy Regulatory Authority (EPRA) announcement of a Sh10 diesel price reduction supported by a Sh10 billion subsidy.

Retail inflation reached a 16-month high of 3.9% as prices for tomato and rice increased. Higher fuel prices contributed to rising transport costs, exacerbating the inflationary pressure.

Indonesian students have protested in Jakarta and other cities, demanding lower fuel and food prices. The protests are driven by growing economic pressures.

Japan's factory-gate prices reached a three-year high, Indonesia intervened to stabilize its currency while allowing fuel prices to rise, and additional regional developments were reported.

India has removed excise duty on petrol blended with 22%–30% ethanol, aiming to promote higher biofuel blends. The move is expected to impact fuel prices, support for farmers, adoption of flex-fuel vehicles, and the country’s energy security.

Ukraine's annual inflation decreased to 8.2% in May from 8.6% in April, but fuel prices increased by 38.7% year-over-year, maintaining elevated core inflation, according to the State Statistics Service and Kyiv Post.

Congress party workers blocked traffic at Annapurna Cross in Kalaburagi to protest against increased fuel and LPG prices, demanding an immediate rollback of the price rise.

Kenyans in Nairobi are urging the government to address high fuel prices and reduce taxes on essential commodities ahead of the Finance Bill 2026 presentation by Treasury Cabinet Secretary John Mbadi in Parliament.

Left parties in Andhra Pradesh are protesting to demand lower fuel and gas prices. The demonstration highlights public dissatisfaction with current pricing policies.

Trump claimed US fuel prices are 'not very high' despite a surge amid the war on Iran. The national average gas price was $4.16 per gallon, $0.37 lower than a month ago but $1 higher than the same period last year.

The global airline industry's profits are projected to halve to $23 billion in 2026 due to rising fuel costs and flight rerouting caused by the Iran war. Airlines serving the Persian Gulf and those with weaker balance sheets face the greatest impact, with fuel prices expected to rise 70% year-over-year.

Etihad Airways CEO discusses fuel prices, Asian traffic, and competition. The article focuses on industry challenges and market dynamics.

Delta Air Lines has resumed direct Hong Kong-Los Angeles flights after the pandemic, launching a daily service despite higher fuel costs. The airline's vice-president for Asia-Pacific, Jeff Moomaw, stated the focus is on ensuring the current flight's success before expanding to more destinations.

United Airlines CEO Kirby stated that a major merger is unlikely following a rejection, but asset purchases remain possible. The company expects higher fares to help recover losses from rising fuel prices, reflecting confidence in sustained demand despite increased ticket costs.

IAG CEO discusses factors affecting the airline industry, including demand in Asia, industry consolidation, and fuel prices. The article references International Consolidated Airlines Group SA as the company involved.

Airlines project a 2.4% increase in passenger traffic for 2026, carrying 5.1 billion passengers, but expect profits to be halved compared to 2025. The International Air Transport Association (IATA) attributes this to high fuel prices failing to deter travel, despite the financial impact on carriers.

Etihad Airways CEO Antonoaldo Neves addressed fuel prices at the International Air Transport Association (IATA), stating 'things are coming back.'

The CEO of Air France-KLM discusses the impact of fuel prices on the company's operations and the challenges related to Gulf flights.

U.S. consumers are adjusting spending habits amid rising fuel prices and inflation, with retailers noting reduced gasoline purchases and fewer visits to clothing and furniture stores. Executives from Walmart, Costco, and other retailers report lower-income customers are cutting back, while economists warn of broader financial strain as tax refunds expire and prices for essentials rise.

U.S. consumers are adjusting their spending habits, with retailers noting a shift toward essentials amid rising fuel prices linked to the Iran war. Despite these changes, consumers have not halted spending entirely.

Rising fuel prices are influencing U.S. boaters' summer plans as ethanol-free and diesel costs surge, with some opting to reduce travel distances or limit fuel purchases. The National Marine Manufacturers Association notes that while most boaters still plan to go out this year, higher costs are prompting changes in behavior, such as shorter trips and more time spent anchored.

High fuel prices at DC-area marinas are prompting boaters to reduce speed, shorten trips, or avoid boating altogether. Fuel costs at marinas in Maryland, Virginia, and D.C. exceed $6 per gallon, driven by higher insurance, maintenance, and compressed profit seasons. Boaters report adjusting behavior to conserve fuel, such as reducing travel distance or opting for alternative travel methods.

The Independent reports that the economic consequences of the US-Iran conflict are affecting Britain, with rising costs for energy, food, and mortgages due to global market disruptions. The conflict has become a prolonged crisis, impacting advanced economies like Britain despite earlier signs of recovery.

Trump visited Wisconsin to address farmers concerned about rising costs, including fertilizer and fuel prices. During the visit, he also discussed topics such as D.C. fountains and border policies.

A major US airline has temporarily eliminated six routes in response to rising fuel prices. The airline's decision is attributed to the impact of the ongoing Middle East war on fuel costs and travel demand.