petrol

While crude oil is retreating, overall fuel prices remain elevated according to reports. This dynamic means that US refineries are currently cashing in, while consumers face increasing costs for diesel and petrol.

The government increased petrol prices by Rs4.45 per litre to Rs333.01 and reduced high-speed diesel (HSD) prices by Rs2 per litre to Rs383.86. Fuel prices will now be adjusted daily based on international market trends due to the US-Iran conflict, replacing weekly revisions. The Petroleum Division announced these changes effective August 6.

The government reduced petrol prices by Rs3.39 to Rs328.56 per litre and high-speed diesel by Rs4.07 to Rs385.86 per litre, effective August 5. These cuts follow international market fluctuations and a shift to daily fuel pricing decisions by the Oil and Gas Regulatory Authority (Ogra), replacing weekly revisions.

The government reduced petrol and high-speed diesel prices by Rs4.08 and Rs2.45 per litre, respectively, due to falling oil prices following the US calling off an attack on Iran. The new prices take effect on August 4, with petrol retailing at Rs331.95 and diesel at Rs389.93. Taxes on petrol and diesel remain at Rs110 and Rs96 per litre.

The government has increased export duties on petrol, diesel, and ATF. This decision follows the peak of the West Asia conflict in late March, prompting fortnightly reviews of export duty.

Diesel prices in South Africa could rise by up to R1.91 per litre in August due to higher global fuel prices, potentially driving food prices higher. Petrol prices are expected to remain nearly unchanged during the same period.

Petrol prices are set to exceed $2 a litre as the government's 16-cent discount ends, with diesel expected to surpass $2.40 a litre. The fuel excise reduction, initially 32 cents per litre in March, was halved to 16 cents in July before its scheduled expiration.

The government increased petrol price by Rs1.09 and HSD price by Rs2.42 per litre, effective July 31. Petrol will retail at Rs336.15 and HSD at Rs393.04, with taxes remaining at Rs110 per litre for petrol and Rs96 for diesel. The Petroleum Minister announced daily fuel pricing due to international market fluctuations, which has been opposed by the All Pakistan Dealers Association.

E20 fuel in India is primarily a concern for older vehicles not designed for higher ethanol blends, according to experts. The article highlights the impact of E20 on vehicles and questions why it is not cheaper than petrol.

The government increased diesel prices by Rs2.24 per litre to Rs390.62 and reduced petrol prices by 0.75 paisa to Rs335.06, effective July 30. Fuel prices are now adjusted daily due to international market fluctuations, a move opposed by the All Pakistan Dealers Association.

The government increased petrol and HSD prices by Rs1.63 and Rs1.55 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. Petrol now retails at Rs335.81 per litre and HSD at Rs388.38 per litre, with taxes remaining at Rs110 and Rs96 per litre respectively. The Petroleum Minister announced daily fuel pricing, which the All Pakistan Dealers Association opposes.

The government reduced petrol price by Re1 to Rs334.18 per litre and increased HSD price by Rs3.37 to Rs386.83 per litre, citing global oil price fluctuations and renewed Persian Gulf hostilities. Fuel prices will now be set daily by Ogra based on international markets, a move opposed by the All Pakistan Dealers Association.

The government maintained petrol and diesel prices for July 26 and 27 due to the non-publication of Platts prices on weekends. Petrol and diesel prices had increased by Rs3.66 and Rs4.80 per litre respectively the previous day, reaching Rs335.18 and Rs383.46 per litre. The Petroleum Division announced daily fuel price adjustments based on international market trends, a shift from weekly revisions, amid tensions between Iran and the US.

The government increased petrol and HSD prices by Rs3.66 and Rs4.80 per litre, citing global oil price fluctuations and renewed hostilities in the Persian Gulf. New prices take effect on July 25, with petrol at Rs335.18 and HSD at Rs383.46 per litre. Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments, a move opposed by the All Pakistan Dealers Association.

The government increased petrol prices by Rs6.39 and diesel by Rs7.83 per litre, effective July 23, citing global price fluctuations and renewed Persian Gulf hostilities. The All Pakistan Petroleum Pump Owners Association deferred a strike after negotiations, and the Petroleum Minister announced daily fuel pricing to address market volatility.

The government increased petrol prices by Rs4.93 and diesel by Rs7.15 per litre due to Persian Gulf hostilities, with new prices effective July 22. Daily fuel pricing is now in effect, and the All Pakistan Dealers Association plans to protest the decision.

The Indian government has not decided to increase ethanol blending in petrol beyond 20%, and no decision has been made to blend ethanol with diesel for commercial use, as stated by Minister of State for Petroleum Suresh Gopi.

Pakistan State Oil (PSO) will be the sole importer of high-speed diesel (HSD) in FY27, as the government bans private oil marketing companies (OMCs) from HSD imports. Petrol imports by private OMCs are capped based on past sales, while PSO will secure a long-term supply contract with OQ Trading of Oman to ensure fuel security amid the Strait of Hormuz closure. New pricing and supply guidelines are issued to the Oil & Gas Regulatory Authority (Ogra).

Nigerians are demanding cheaper petrol prices, but the renewed Hormuz battle is unlikely to influence this. The article highlights public sentiment and the geopolitical context.

Pakistan's petrol stocks have declined to a 14-day cover, prompting the government to address procedural issues and enforce anti-hoarding measures. The National Coordination and Management Council (NCMC) convened a session with oil industry stakeholders to review supply challenges amid rising fuel prices and regional tensions.

Fuel prices are beginning to increase again, with the article highlighting locations where petrol and diesel remain the cheapest. The focus is on current pricing trends and regional cost comparisons.

The Green Party has proposed wartime-style rationing of meat, dairy, petrol, and flights in the UK. The plan could lead to a coalition with Burnham's Labour.

The government increased petrol prices by Rs13.18 per litre to Rs310.71 and diesel by Rs13.80 to Rs323.30, effective July 11. The hikes follow a rise from Rs281 for diesel and Rs266 for petrol after the US-Iran war began on February 28, with diesel peaking at Rs520.35 and petrol at Rs458.41 in April. IMF conditions led to a doubled climate support levy of Rs5 per litre from July 1, alongside reduced petroleum levies.

The International Energy Agency (IEA) has warned of a potential petrol and diesel supply crunch as refineries in the Gulf and Russia face disruptions from wars. Global consumption of these fuels remains high despite the challenges.

Russian drivers are reported to have brawled over petrol as Crimea experiences darkness due to Ukrainian airstrikes, which are described as humiliating for Putin.

The government reduced petrol and diesel prices by Rs1.97 per litre, effective immediately until July 10, reflecting lower global prices. Diesel prices peaked at Rs520.35 on April 3, while petrol reached Rs458.41. Tax adjustments, including a doubled climate support levy, influenced the price cuts.

South Africa's fuel prices fell on 1 July 2026 despite the return of the full fuel levy, with petrol decreasing by approximately R2 per litre due to lower global oil prices.

South African consumers will experience relief as petrol, diesel, and paraffin prices decrease, according to the Department of Mineral and Petroleum Resources. The price reduction excludes LP Gas.

The government has kept petrol and diesel prices unchanged for the next week, following recent reductions in prices due to declining international oil prices. Prime Minister Shehbaz Sharif had previously announced cuts, but earlier wartime-related price hikes faced public backlash.

An economic blockade in Manipur’s Kangpokpi district has caused rising prices for essentials like rice and petrol, with no LPG cylinder supply. At least 40 people have been killed since the revocation of President’s Rule in February, and the district’s MLA and Deputy CM have been blocked from traveling to Imphal.

The West Asia conflict triggered a surge in global oil prices, but retail pump rates in India remained steady for large parts and rising only by a fraction. Petrol and diesel margins have returned to pre-conflict levels according to the report.

Dangote refinery has reduced the price of jet fuel to N1,450 per litre. This follows a previous reduction in the ex-depot price of petrol.

The government has prohibited industrial and commercial consumers from buying petrol and diesel at regular retail fuel stations, requiring them to use dedicated bulk supply channels instead. This policy was implemented via an order issued on June 11.

The government reduced petrol prices by Rs4 per litre and diesel by Rs2 per litre, effective immediately. This marks the fifth consecutive weekly price cut for petrol, with a cumulative decrease of Rs41 per litre, while diesel prices now stand at Rs378.78 per litre. The revisions follow the paused US-Israeli war on Iran and are linked to ongoing tax structures on petroleum products.

Shivraj Tangadagi claims there is no petrol in the country and reminds BJP leaders of their protests with LPG cylinders when cooking gas prices were increased during the UPA tenure.

The government reduced petrol prices by Rs4 per litre to Rs377.79, marking the fourth consecutive weekly decrease, while diesel prices remained unchanged at Rs380.78 per litre. Taxes and levies were adjusted to maintain diesel prices, which had previously peaked at Rs520.35.

India's state-run refiners increased diesel and petrol prices for the third time in eight days to mitigate losses from discounted sales and manage rising demand. Prices rose by nearly 1% in New Delhi, with petrol at 99.51 rupees and diesel at 92.49 rupees per litre, though prices vary regionally due to local taxes.

The Iran war is causing trade disruptions, leading to rising prices of petrol, plastics, and pistachios. This disruption is affecting various markets and industries. The increase in prices is a significant consequence of the conflict.

Oil prices have fallen below $100 a barrel due to hopes of peace in the Middle East. This decrease may lead to a drop in petrol prices. The timing of the petrol price drop is still uncertain.

The article discusses the most economical cars to beat the fuel crisis, including petrol, diesel, and hybrid models that can travel long distances without needing to refuel. These cars are ideal for those looking to save money on fuel costs. The models mentioned can help reduce reliance on filling stations.