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12-Jul-2018

World's fastest growing oil user India bucks trend of fuel price cuts

12-Jul-2018 by The Economic Times

India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16 percent this year. more information

11-Jul-2018

Guineans protest hike in fuel prices

11-Jul-2018 by Africa Feeds

Thousands of Guineans have been protesting hikes in fuel prices. Protests have been taking place in the capital, Conakry, against 25% rise in fuel prices. The government has refused to subsidize prices of petroleum products. Guineans want original prices of $0.88 (8,000 Guiean francs) per litre maintained. more information

Sri Lanka's Ceylon Petroleum raises fuel price after reversal

11-Jul-2018 by Reuters

ri Lankan state-run fuel retailer Ceylon Petroleum Corp (CPC) raised petrol and diesel prices at its fuel stations with effect from Tuesday midnight, the government said, days after it rejected a finance ministry demand for a price hike. more information

Fuel prices are dropping in North Korea, and that’s a little odd

11-Jul-2018 by 38 North

As in the rest of the country, gas prices continue to fall in Pyongyang, data from NK Pro shows, but remains much higher than the closest available month of 2017. At the same time, recent figures from China state that its exports of refined fuel products to North Korea continues to remain well below the ceiling mandated by UN sanctions. more information

10-Jul-2018

More protests in Haiti as unrest continues over fuel prices

10-Jul-2018 by ABC News

Protesters clashed with police Monday in Haiti's capital while a general strike kept most people at home across the country in a fourth day of unrest sparked by a now-rescinded government plan to raise fuel prices in the impoverished nation. more information

Rising fuel prices, higher taxes to push up Kenya, Uganda inflation

10-Jul-2018 by The East African

Kenya and Uganda face a higher cost of living in the second half of this year, driven by a surge in fuel prices, increased taxation and weakened local currencies. more information

Mexico president-elect says fuel prices to start falling in three years

10-Jul-2018 by Reuters

Mexico’s president-elect, leftist Andres Manuel Lopez Obrador, said on Monday that fuel prices would begin to come down in three years, once domestic fuel output starts to rise thanks to refinery improvements and a planned new refinery. more information

06-Jul-2018

Tanzania: Pain in store as fuel prices continue to rise nationwide

06-Jul-2018 by The Citizen

The new prices announced yesterday came a week after the government rejected an appeal by MPs for a Sh50 levy on every litre of petroleum products, with the proceeds going into the ring-fenced Water Development Fund (WDF) more information

Angolan government considers fuel price adjustment

06-Jul-2018 by MacauHub

Angola’s Ministry of Finance and national fuel company Sonangol are considering the possibility of adjusting the price of liquid fuels before the end of the year, Minister Archer Mangueira said on Wednesday in the city of Luena, Moxico province. more information

05-Jul-2018

Are gasoline prices in the US really too high?

05-Jul-2018 by Quartz

The average price of gasoline in the US has risen above $3 per gallon. In a country addicted to gas-guzzling SUVs and muscle cars, this matters. As the 2018 mid-term elections loom, Trump’s threat to the Saudi-led OPEC oil cartel is a sign to voters that he’s doing something about rising prices at the pump (even if it’s just sending tweets). more information

04-Jul-2018

USA: Highest 4th of July gas prices since 2014. Here's why

04-Jul-2018 by Fortune

As motorists hit the road to celebrate America’s birthday they’ll be facing the highest Independence Day gas prices since the 2014 peak of $3.66 per gallon. The average gas price is hovering around $2.90 a gallon nationally with prices in some states well over $3 per gallon. more information

03-Jul-2018

How to beat the rising cost of gasoline this summer

03-Jul-2018 by Forbes

With fuel prices now at the highest they’ve been in four years, and especially with road-trip season upon us, the term “fuel economy” is once again entering the national lexicon. And while today’s cars, trucks, and SUVs are more efficient than they’ve ever been in motoring history, it’s still possible – and it’s not that difficult – to reduce most any vehicle’s fuel consumption, sometimes dramatically. more information

Weaker forint pushes Hungary fuel prices higher

03-Jul-2018 by Portfolio

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 7 per litre and the price of diesel by HUF 5 per litre on Wednesday. Gasoline will cost HUF 399 per litre, while diesel will cost HUF 407. Individual pump prices may vary by as much as HUF 50. more information

02-Jul-2018

USA: July 4 gas prices highest in four years

02-Jul-2018 by GasBuddy

Motorists hitting the road to celebrate the July 4 holiday will be feeling more pinched than last year, shelling out an average of $2.90 per gallon, the highest Independence Day prices since 2014, when the national average hit $3.66 per gallon, according to GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop. more information

29-Jun-2018

Egypt: No increase in food prices after fuel hikes

29-Jun-2018 by Egypt Today

The Supply Ministry announced on Thursday that the prices of food commodities will not change after the latest rise in fuel prices, upon agreement with the Federation of Egyptian Industries (FEI) and the Federation of Egyptian Chambers of Commerce (FEDCOC). more information

Fuel pump prices in the UAE set to fall in July

29-Jun-2018 by Arabian Business

Fuel prices in the UAE are set to fall in July, according to an announcement by the UAE Fuel Price Committee. Emirates National Oil Company published a tweet on Thursday to confirm that fuel prices inclusive of VAT for next month. more information

28-Jun-2018

USA: Gasoline prices surge ahead of July 4

28-Jun-2018 by Chron

Drivers traveling during the July 4 holiday will face steeper costs at the pump as crude oil prices surge on news of lower global supplies. After five weeks of declining gas prices, the national average for a gallon of regular unleaded is expected to hit $2.90 a gallon during the holiday, according to GasBuddy, which tracks fuel prices nationwide. more information

26-Jun-2018

India: Petrol, diesel prices cut further

26-Jun-2018 by NDTV

For the sixth day in a row, petrol prices were cut on Tuesday across all cities. Petrol prices have been brought down by upto 14 paise in Delhi and Kolkata, by 18 paise in Mumbai and by 15 paise in Chennai. more information

UAE fuel prices among lowest in the world

26-Jun-2018 by Albawaba

Fuel prices in the UAE, which reached its peak this month since the country opted for deregulation in 2015, are still among the lowest in the world because governments in other countries - unlike in the UAE - have imposed taxes on the consumption of fuel. more information

China lowers retail fuel prices

26-Jun-2018 by Xinhua

China will reduce the retail prices of gasoline and diesel from Tuesday, the second cut this month, the National Development and Reform Commission (NDRC) announced Monday. more information

22-Jun-2018

India: Big cut in fuel prices

22-Jun-2018 by Financial Express

Petrol, diesel prices today: Petrol prices have been cut today again for the second straight day after a brief pause, with Mumbai seeing a cut of 18 paise, while diesel prices have been kept unchanged for the second day. The fuel prices have either been cut or put on hold since they surged to an all-time high on May 29 amid the government’s efforts to find a solution to keep it “within the reach of the common man”. more information

21-Jun-2018

India: Left parties hold demonstration against rising fuel prices

21-Jun-2018 by The Times of India

Demanding a reduction in prices of petrol and diesel, six Left parties today staged a protest on Parliament street here. About 500 workers belonging to the CPM, the CPI, the Forward Block, the RSP, the CPIML and the SUCI took part in the demonstration and raised slogans against the BJP-led government and PM Narendra Modi. more information

Egypt: Uber adjusts service prices after fuel price hike

21-Jun-2018 by DN Egypt

Uber Smart Transport Company changed its pricing on Monday and announced the new pricing system. In a text message to its “drivers partners,” Uber said that the company’s work is to provide a safe, secure, and an appropriate means of transport for all, anytime and anywhere. more information

20-Jun-2018

Are rising fuel prices affecting plane tickets?

20-Jun-2018 by USA Today

As oil goes, so goes jet fuel. And prices for both have been rising. You’ve probably seen the details, airlines saying the price of fuel for planes has steadily risen by 50 percent over the past year or so. more information

Hike in gasoline prices affects Egyptian transportation sector

20-Jun-2018 by Asharq Al-Awsat

Egyptian residents complained on Monday over an increase in taxi fares despite government warnings that penalties would be imposed on drivers who do not abide by new prices issued by the Petroleum Ministry. more information

India: Truckers’ strike against rising fuel prices enters second day

20-Jun-2018 by The Hindu

The ongoing truckers’ strike against rising fuel cost and toll charges continued for the second consecutive day on Tuesday, affecting the movement of goods to other States. As the lorry operators are yet to be called for talks by the Centre, members of the All India Confederation of Goods Vehicle Owners Association plan to continue their nationwide strike. more information

18-Jun-2018

Gasoline prices soar in Tajikistan

18-Jun-2018 by Azernews

Prices for fuel and lubricants - liquefied gas, gasoline and diesel fuel - have increased in Tajikistan, Sputnik Tajikistan news agency reported. In particular, gasoline prices went up by 0.5 somoni and reached 7-7.2 somoni per liter. Diesel fuel prices went up by 0.4 somoni and reached 7.40 somoni per liter. more information

15-Jun-2018

UK: Supermarkets take the lead on fuel price cuts

15-Jun-2018 by EnergyVoice

Three supermarkets have cut fuel prices following claims that retailers were refusing to pass on a drop in wholesale costs. Asda, Morrisons and Sainsbury’s have reduced the price of unleaded by up to 3p per litre and diesel by up to 2p. more information

India: Rising fuel prices push up wholesale inflation

15-Jun-2018 by The New Indian Express

Increasing petrol and diesel prices pushed the wholesale price-based inflation to a 14-month high of 4.43 per cent in May, which, experts fear, may prompt the central bank to go for another rate hike in August. more information

14-Jun-2018

UK: Rising fuel prices spur inflation in May

14-Jun-2018 by BBC News

Inflation remained at 2.4% in May, according to the Office for National Statistics (ONS), after its fall was halted by a sharp rise in fuel costs. The ONS said that fuel prices increased by the biggest monthly amount since January 2011, rising by 3.8%. more information

UK: Petrol price levels cannot be justified says RAC

14-Jun-2018 by BBC News

The RAC says the current petrol price is too high and cannot be justified. The motoring organisation is urging retailers to pass on recent falls in the wholesale cost of petrol. It says there is "no good reason" for keeping prices as high as they are and says petrol retailers should cut forecourt prices by 2p a litre. more information

USA: High gas prices influencing consumer habits

14-Jun-2018 by UPI

Consumer demand for gasoline might be on the decline as retail gasoline prices in the United States remain stubbornly high, sector analysis finds. Motor club AAA lists a national average retail price of $2.92 for a gallon of regular unleaded on Tuesday, a fraction of a percent lower than last week, but 58 cents per gallon higher than this time last year. more information

13-Jun-2018

Bosnia's fuel distributors agree to cut prices after protests

13-Jun-2018 by Reuters

Fuel distributors in Bosnia’s autonomous Bosniak-Croat Federation agreed a deal with the regional government on Tuesday to cut fuel prices after drivers repeatedly blocked roads in protest against rising prices, a government minister said. more information

Moroccan oil companies to lower fuel prices for 6 months

13-Jun-2018 by Morocco World News

Following several meetings with Minister of General Affairs and Governance Lahcen Daoudi, fuel companies in Morocco have agreed to lower fuel prices for six months. The National Federation of Traders and Managers of Service Stations issued a statement on Tuesday, denying that fuel companies have increased their profit margins to 70 centimes per liter. more information

12-Jun-2018

Protesters in Serbia block streets over fuel prices

12-Jun-2018 by RadioFreeEurope

Drivers in several Serbian cities and towns have stopped their cars in the streets to protest against high fuel prices. Main highways and roads were blocked in Belgrade, Novi Sad, Nis, Novi Pazar, and elsewhere in the June 11 protest. more information

UK Reality Check: Why do fuel prices vary so much?

12-Jun-2018 by BBC News

Readers have been in touch following last week's reporting of rises in fuel prices to ask about their local prices. The article reported the RAC saying that average petrol prices had risen by 6p a litre in May, which was the biggest monthly increase since it began tracking prices 18 years ago. more information

11-Jun-2018

Drivers in Bosnia block roads over fuel prices

11-Jun-2018 by Reuters

Drivers across Bosnia blocked roads on Sunday in protest against rising fuel prices, warning of knock-on increases in prices for food and other goods, state television reported. The one-hour blockade in the cities of Sarajevo, Banja Luka, Tuzla and Zenica, as well as a main regional road, had been organized on social networks, echoing similar action in neighboring Serbia in the past few days. more information

08-Jun-2018

Retail fuel prices in S. Korea up for 7th straight week

08-Jun-2018 by The Korea Herald

Retail fuel prices in South Korea rose for the seventh consecutive week despite a fall in global crude oil prices, data showed Saturday. The average gasoline price was 1,609.7 won (US$1.49) per liter nationwide in the first week of this month, edging up 4.7 won from a week earlier, according to the data compiled by the state-run Korea National Oil Corp. (KNOC). more information

South Africa: Four sectors hardest hit by fuel price hikes

08-Jun-2018 by Fin 24

The Automobile Association (AA) has warned of another fuel price hike in July, while motorists are still reeling from the third consecutive increase in June. The rand breached the 13 mark to the US dollar this week alongside other emerging markets, coming under pressure as investors turn to asset classes, deemed less risky, in the US and other developed countries. more information

Belize: Fuel prices rise for the tenth time this year

08-Jun-2018 by Amandala

We have been periodically reporting on the steady increases in gas prices throughout the year. Tomorrow, June 8, will mark the tenth time this year that gas prices have risen, and we are only halfway into 2018. more information

07-Jun-2018

Serbian drivers block streets in protest over fuel prices

07-Jun-2018 by Radio Free Europe

Drivers in several Serbian cities stopped their cars in the streets during the afternoon rush hour for an hour on June 8 to protest high fuel prices. Main highways, roads, and central city squares were blocked in Belgrade, Novi Sad, Nis, Kragujevac, and a number of other cities and towns in the protest organized through social media. more information

China cuts retail fuel prices

07-Jun-2018 by Xinhua Net

China will cut the retail prices of gasoline and diesel from Saturday, the first cut after five increases, the National Development and Reform Commission (NDRC) announced Friday. The retail prices of gasoline and diesel will drop by 130 yuan (about 20.28 U.S. dollars) and 125 yuan per tonne, respectively, according to NDRC. more information

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