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Petroleum Prices


Most good deceptions have a grain of truth. Presidents and politicians who have felt the political heat of high gas prices are often quick to say they have no control over prices at the pump. The reality is more complicated, as many factors contribute to the price of gasoline. But many of the most critical …

Storage tanks are seen at Marathon Petroleum’s Los Angeles refinery, which processes domestic and imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel and other petroleum products, in Carson, California, United States, March 11, 2022. Photo taken with a drone. REUTERS/Bing Guan/File Photo Join now for FREE unlimited access to Reuters.com …

DNA Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded from the government that the benefits of falling crude oil and palm oil prices in the global market be immediately passed on to the common man . RCCI Chairman Nadeem Rauf said in a statement that Brent Crude is trading around ninety dollars …

LONDON, Sept 16 (Reuters) – Oil prices have fallen by around a quarter in the past three months, largely on fears of a prolonged slump in global energy demand. But no major forecaster actually predicts one. Two of the most-watched predictors of global oil demand, the Organization of the Petroleum Exporting Countries (OPEC) and the …

Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register Inflation above US central bank’s 2% target Fed officials will meet next Tuesday, Wednesday New COVID-19 restrictions in China weigh on prices …

ISLAMABAD – Petroleum dealers have rejected the proposal to deregulate the prices of petroleum products and say the Oil and Gas Regulatory Authority (OGRA) has so far not consulted them in this regard.The rejection of the proposal to deregulate the prices of petroleum products by petroleum traders surfaced at a ceremony of the Pakistan …

A view shows the Kozmino crude oil terminal on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel Join now for FREE unlimited access to Reuters.com Register U.S. crude inventories jump nearly 9 million barrels -EIA US assesses need for more oil releases from strategic reserves Britain …

With petrol and diesel set to rise in the coming weeks, retailers are being warned not to take the leap. 0 See 2 pictures The federal government has asked the country’s main consumer watchdog to step up its monitoring of fuel prices, just days after the authority published its latest quarterly report on the Australian …

Russia has abandoned plans to reopen a major gas pipeline that carries natural gas to Europe. The move by state-controlled Gazprom will make it harder for Europe to get fuel ahead of winter. Gazprom said the Nord Stream 1 pipeline would remain closed due to a leak in the main gas turbine, although Siemens Energy …

The Federal Government has again increased the prices of petroleum products by Rs 10 per liter for the first half of September 2022. According to a notification issued by the Finance Division, the price of petrol has increased by 2.07 rupees, high-speed diesel by 2.99 rupees per litre. The price of kerosene increased to Rs …

KARACHI: Free on board (FOB) petrol prices reflect a drop of Rs 20/litre for consumers during the next fortnightly tariff review, but it is unlikely to be cheaper as the government could stack taxes on these petroleum products as well as adjusting foreign exchange losses, The News learned on Monday. However, the price of diesel …

The Major Oil Marketers Association of Nigeria (MOMAN) has lent its voice to end Nigeria’s unsustainable oil subsidy, which has gobbled up billions of naira every year. Maintaining the subsidy will cost Nigeria nearly 7 trillion naira in 2023, according to the draft fiscal strategy paper for 2023 to 2025, which the Minister of Finance, …

Swiss strategists at UBS expect oil to rebound to $125 in the coming months as fundamentals point to higher prices, spare capacity dwindles and inventories are at multi-year lows. In a Thursday research note, UBS responded to Saudi comments that OPEC+ could cut production at any time, citing a “disconnect” between fundamentals and oil futures. …

By JOHN P. TRETBAR The government reports that US crude production fell slightly last week but remained above 12 million barrels per day. The Energy Information Administration says U.S. operators produced just over 12.1 million barrels per day in the week through Aug. 12, down 118,000 barrels per day from the previous week. The EIA …

New Delhi: Oil prices on the domestic market are constantly stable due to the decline in crude oil prices on the international market. In fact, Indian oil companies made no changes to petrol and diesel prices even today (Sunday August 21). Let us tell you that the price of fuel in all cities across the …

The ministry, in its latest notification on August 2, had increased the exceptional tax on domestically produced crude oil to ₹17,750 per ton from ₹17,000 per ton previously. The diesel export tax was reduced to ₹5 per liter from ₹11 per liter previously, and the ATF export tax, which was ₹5 per liter previously, was …

Oil prices extended their losses on Tuesday, but gas prices in Europe hit nearly six-month highs, fueling recession fears in both cases. Major stock markets rose mostly on bets that the Federal Reserve would not raise borrowing costs by 75 basis points for a third straight time next month after decades-high inflation eased in the …

Bloomberg – US Energy Secretary Jennifer Granholm said US gasoline prices are likely to fall further after falling below $4 a gallon for the first time since March. “We hope that’s true but, again, it can be affected by what’s going on in the world,” Granholm said on CNN’s “State of the Union” on Sunday. …

A pump is seen at a gas station in Manhattan, New York, U.S., August 11, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register LONDON, Aug 12 (Reuters) – Oil prices fell on Friday as recession fears clouded demand prospects but remained on course for a weekly gain. Brent crude futures were …

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal API …

Despite signs of weakening economic growth globally, regional diesel markets are stretched and could tighten further when winter arrives and when Europe bans imports of Russian crude and fuels. Distillate stocks are low in the United States and Europe. Stocks in the United States have not risen this summer as usual, and in a month …

Consumers around the world have been reeling from record gasoline prices and other high energy prices this spring and summer. But a recent study by ICF International and presented by the American Exploration and Production Council and the American Petroleum Institute shows that markets would be worse off if the United States had not resumed …

Nepal Oil Corporation, which used to adjust oil prices based on the price list sent by the supplier Indian Oil Corporation every fortnight, kept the price unchanged despite receiving a price list reduced for two consecutive fortnights. Ruling CPN (Maoist Center) lawmaker Aman Lal Modi on Tuesday criticized the NOC’s failure to revise fuel prices …

The former British colony of Guyana, a nation whose economy has been hit hard by the pandemic, has become the hottest offshore drilling site in the world. Since 2015, global energy giant ExxonMobil along with its partners Hess Corporation and CNOOC have made a slew of quality oil discoveries in the Stabroek offshore block, which …

ISLAMABAD: Petroleum product prices are expected to rise as the Economic Coordinating Committee (ECC) on Thursday approved increased sales and distribution margins for Petroleum Marketing Companies (OMC) and petroleum traders, FYR reported News citing sources. A well-placed source in the Ministry of Finance told ARY News that the ECC meeting chaired by Finance Minister Miftah …

The United States is still ‘far’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm so far from the world’s largest energy buyers, l India and China, a senior Biden energy adviser said. But Amos Hochstein, President Biden’s special coordinator for international energy affairs, said he remained …

KANSAS CITY (AP) — When long-haul trucker Deb LaBree sets out to deliver pharmaceuticals, she has strategies to cut costs. It avoids the west coast and the northeast, where diesel prices are the highest. It organizes its delivery route in such a way as to minimize “deadheads”, that is, driving an empty truck between deliveries. …

Breadcrumb Links petroleum gas PF Energy That could reach $64 billion in royalties and taxes in 2023 if oil prices stay high Publication date : Jul 22, 2022 • 40 minutes ago • 5 minute read • Join the conversation Soaring energy prices have propelled taxes and royalties paid by Canada’s state-owned energy companies to …

Gasoline prices have fallen below $4 a gallon in San Antonio and are expected to continue falling through the rest of the summer, if oil markets cooperate. The average price of a gallon of gasoline in the San Antonio area fell 19 cents over the past week to $3.92 after falling faster over the past …

ISLAMABAD, JUL 17 /DNA/ — The Pakistan Industrial & Traders Associations Front (PIAF) has observed that the impact of falling oil prices is also expected to be seen on other commodities, including oil tariffs. electricity, as inflation continues to damage trade and industry. on an annualized basis at 33.16%. PIAF President Faheem Ur Rehman Saigol …

What is happening Gasoline prices have continued to decline since hitting an all-time average high of $5.02 in mid-June. why is it important Gasoline prices are still $1.45 higher per gallon than a year ago, and lower prices would help American households fight inflation. The price of a gallon of unleaded fell to $4.60 on …

Strong points Hanoi to further reduce environmental protection tax on fuel Reduced import duties proposed to encourage diversification of sources of supply Vietnam expected to continue to rely heavily on South Korean petroleum products Vietnam further reduced taxes on transportation fuels for the second half of 2022 and encouraged fuel traders to diversify their sources …

PESHAWAR: The prices of petroleum products like oil and gas have always been subject to fluctuations in the international market. The most recent fluctuation has nothing to do with the world has never seen before. It is said to be the product of a truly global energy crisis that governments near and far have tried …

Recession fears gripped oil markets this week, with WTI and Brent briefly slipping below $100. Since then, Brent has rebounded above the three-digit threshold while WTI has yet to recover. That raised hopes that gasoline prices could also fall further after the national average fell from a record low of more than $5 a gallon. …

An aerial view of the Phillips 66 oil refinery is seen in Linden, New Jersey, U.S. March 8, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Oil prices rose nearly 3% on Wednesday before paring some gains as investors retreated into the market after a sharp rout in the previous session, with supply concerns …

White House press secretary Karine Jean-Pierre on Sunday responded to Jeff Bezos’ criticism of President Biden’s call for oil executives to cut gas prices, saying high gas prices are emblematic of “a market that is failing the American consumer” . Driving the news: After Biden tweeted on Saturday reiterating calls for oil companies to lower …

NEW YORK, July 1 (Xinhua) — Oil prices climbed on Friday to mark gains for the week as supply concerns took over the market. West Texas Intermediate for August delivery added US$2.67, or 2.5%, to settle at $108.43 a barrel on the New York Mercantile Exchange. Brent crude for September delivery rose $2.6, or 2.4%, …

The past few weeks have been a disaster for oil bulls after energy stocks posted their worst performance since start of pandemic amid fears that interest rate hikes across the globe could dampen global demand. West Texas Intermediate (WTI) crude oil futures fell below $102 a barrel last week, representing a 22% decline over the …

CAMARILLO, Calif. — In the two weeks from June 10 to June 24, the national average retail price for regular gasoline fell 4.48 cents, to $5.0542, according to the most recent Lundberg survey of U.S. fuel markets. The cause is a dramatic downward correction in prices in crude oil markets, translating into price reductions at …

ISLAMABAD – Inflation continues to rise in Pakistan as weekly inflation based on the sensitive price index rose again by 1.01% last week due to the impact of the massive increase in prices of petroleum products.Inflation based on the SPI is on the rise compared to the last few weeks, mainly due to the depreciation …

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/ Join now for FREE unlimited access to Reuters.com Register Powell says the Fed is ‘strongly committed’ to bringing inflation down Biden calls on …

The Nigerian government has said it will reassess its position on gasoline subsidies this month. Global economic developments and national challenges such as oil theft have led to a revenue crisis that makes subsidies debilitating for the country. Rising oil prices due to the Russian-Ukrainian war also increased the cost of landing gasoline, increasing subsidy …

It’s unclear, however, whether it will be a sustained price drop that will help bring down the record nightmarish prices facing gas stations across the country. Industry Brent crude futures fell $6.69 (£5.47), or 5.6%, to settle at $113.12 (£92.53) a barrel, while US crude West Texas Intermediate (WTI) fell $8.03 (£6.57), or 6.8%, to …

CRUDE oil prices have surged since Russia’s invasion of Ukraine, and other geopolitical supply risks globally and the latest uncertainty stemming from the ship insurance ban by the EU should stoke even more volatility and keep oil prices high amid robust demand. Platts Analytics, part of S&P Global Commodity Insights, expects Dated Brent to average …

Gasoline, diesel prices on Tuesday: Fuel prices continue their regular streak for the 24th consecutive day on Tuesday, June 13. Petrol and diesel prices have remained stable since the central government announced a cut in petrol excise duty of Rs 8 per liter and Rs 6 per litre. on diesel earlier in May. On Tuesday, …

New studies show that several oil and gas companies in the United States have underreported methane leaks in their operations in the Permian Basin. As Biden pushes his “Build Back Better” framework – aimed at tackling climate change, and his bipartisan Infrastructure Act – aimed at improving aging infrastructure, this latest report reveals significant weaknesses …

The classification of crude oil is based on viscosity (light or heavy) and sulfur level (sweet and sour/high, medium and low). Based on these two factors, there are six combinations or classifications. There are, however, many other features; some 160 types of crude oil are traded internationally. Light, sweet crude oil is the easiest to …

Prices for petroleum products in Pakistan rose by PKR 60 per liter in about a week, taking them to record highs and there were arbitrary increases in the prices of items needed by many traders, local media said. In Pakistan, the prices of petroleum products determine the prices of almost everything …

Since gasoline prices began to soar late last year, the US administration has said it will consider and potentially use every tool at its disposal to bring down prices at the pump. The problem for the Biden administration — and for American drivers — is that there is no short-term solution to soaring gas prices …

Federal Finance and Revenue Minister Miftah Ismail on Thursday announced an increase in petroleum products in accordance with the agreement signed by the previous government with the International Monetary Fund (IMF). ISLAMABAD, (UrduPoint/Pakistan Point News – June 2, 2022): Federal Finance and Revenue Minister Miftah Ismail on Thursday announced an increase in petroleum products in …

This week, many of us will have an anticipated holiday season, as an increase in birthdays means an increase in public rest days across the world. If you’re reading this in the United States, you’re already deep into the Memorial Day long weekend with tomorrow’s commemoration of those who gave their lives in military service. …

“He’s obsessed with the fact that gas prices are so high and people are suffering,” Granholm told CNN on Tuesday after a rare visit to the Strategic Petroleum Reserve, the country’s emergency oil stockpile. “The president doesn’t control the price,” the former Michigan governor said during the interview at a General Electric wind facility in …

Image source: Getty Images the Woodside Petroleum Ltd. (ASX:WPL) The stock price got off to a good start this week. the S&P/ASX 200 Index (ASX:XJO) The energy giant closed Friday at $28.77 per share and is currently trading at $29.30, up 1.84%. This compares to a slim gain of 0.09% for the ASX 200 at …

Motorists expect mixed pump prices for petroleum products over the coming week, according to petroleum industry sources. In its fuel forecast for the May 24-30 trading week, Unioil Petroleum Philippines said prices per liter of diesel could fall by P2.00 to P2.20. However, gasoline prices may increase by 3.80 to 4.00 pula per litre. Similarly, …

Pump cylinders at the Belridge oilfield site in California. Citizens of the Planet | Universal Image Group | Getty Images Oil prices rose more than $1 a barrel at the start of Asian trading on Wednesday on hopes of a pickup in demand in China as the country gradually eases some of its strict Covid-19 …

Saudi Arabia recorded a budget surplus of 57.49 billion riyals ($15.33 billion) in the first three months of 2022, the finance ministry said, buoyed by a 58% increase in oil revenue as prices rose. The data came hours after Saudi Aramco reported a nearly 82% rise in first-quarter net profit, broadly in line with analysts’ …

WASHINGTON, May 13 (Reuters) – U.S. import prices held unexpectedly steady in April as lower oil costs offset gains in food and other commodities, a further sign that inflation has probably peaked, although it will remain high. The unchanged reading for import prices follows a 2.9% rise in March, the Labor Department said Friday. In …

Posted Monday May. 9, 2022, 10:16 Join the 100,000 AFP subscribers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on Apple Podcasts, Spotify and Pandora News, press releases, letters to the editor: [email protected] Advertising inquiries: [email protected] (© Yingyaipumi – stock.adobe.com) Gasoline prices in Virginia have risen 17 cents per gallon over the past …

Warren Buffett is increasingly bullish on the oil market. His company, Berkshire Hathawaynow holds $25.9 billion worth of Chevron (CLC 2.67%), a fivefold increase from its holdings at the end of 2021. Chevron is now Berkshire’s fourth-largest stock holding. Buffett also owns a significant stake in western oil after buying $7 billion worth of shares …

Gasoline and diesel prices remain stable for the 29th consecutive day on Thursday May 5th. Following the 14 price hikes implemented by Petroleum Marketing Corporations (OMCs) in major cities that took place between March and April 6, fuel prices remained at their all-time high in several cities across the country. country. At present, petrol in …

There is a rather gleeful assumption in government circles that shale production can be increased at will. This assumption is about to be tested as the U.S. shale drilling and fracking industry attempts to respond to direct pleas and demands from lawmakers, executives in the administrative branch and even from the president himself to invest …

ExxonMobil and Chevron on Friday reported rising profits despite falling oil and natural gas volumes, as the oil giants returned billions of dollars to shareholders following high crude prices and refining margins. Both US oil giants posted huge increases in profits propelled by crude prices which rose after the Russian invasion of Ukraine. But the …

ISLAMABAD: After campaigning against fuel subsidies for more than a fortnight, the government decided on Thursday to keep oil prices unchanged, apparently until after Eidul Fitr. It was only after a series of twists and turns, however, that Information Minister Marriyum Aurangzeb finally confirmed that prices would not be increased but without saying until when. …

The consumer price index for the March quarter jumped 2.1%, with an annual inflation rate of 5.1%, up from 3.5% previously. Core inflation – which dampens volatile price swings and is more crucial to the outlook for interest rates – jumped from 1.4% to 3.7% for the year. This is the first time the underlying …

In a free market, the saying goes, high prices cure high prices. If a good or service is expensive, people will see an opportunity to make money by producing more of it, which will lower the price. The reality is messier. Oil prices have now risen to $104 a barrel. But investment to produce more, …

WASHINGTON (Gray DC) — Getting on the road has become more expensive for many businesses, especially moving companies like OMX. “We travel a lot,” said OMX Vice President Jim Durfee. “Trucks consume a lot of gas.” Durfee said rising fuel costs could cause companies to cut wages for employees or even jobs. “The biggest overhead …

petroleum products. Photo: Reuters” width=”700″ height=”400″ class=””/>The government should reconsider its decision on the prices of petroleum products. Photo: Reuters ISLAMABAD: In view of the gloomy economic situation and the dissatisfaction of the International Monetary Fund (IMF), the PML-N government should reconsider its decision to keep the prices of petroleum products unchanged, according to well-placed …

Skyrocketing fuel prices are driving up the cost of living in Australia. We track gasoline and diesel state by state to show you where it’s cheapest, where it’s most expensive, and where the trends are heading. To see 6 pictures Summary: 8-Apr-2022 Lead Free (95) Diesel national average $1.93 (no change) $1.95 (1.0% decrease) Best …

Samajwadi party leader Akhilesh Yadav on Saturday denounced the BJP-led central government over what he called “reckless” inflation, accusing the center of “robbing the people” and “making them poor via soaring fuel prices. He added that the “oil ministry should be closed”. “If no government regulation, administration or directorate can control this reckless rise in …

Petrol prices hit record highs in Mumbai, Chennai and Kolkata Petrol prices in three metropolitan cities of Mumbai, Chennai and Kolkata rose by almost 2 per liter between April 2 and April 5, 2022, reaching record highs as state-owned fuel retailers again raised fares today by 80 paise for the 13th time in the last …

Ahead of this fall’s midterm elections, Republicans have stepped up attacks on Mr. Biden’s climate agenda. The Republican National Committee has launched a campaign to register voters at gas stations across the country, in an effort to link high prices at the pump to Mr. Biden’s policies. “It’s kind of the perfect storm,” David Axelrod, …

On the positive side, gasoline prices did not rise overnight. But the reality is that they remain high after the average price of a gallon of self-serve regular gasoline in Los Angeles County posted its biggest drop since April 2, 2020, dropping 1.9 cents. at $6,038. The average price has fallen 3.2 cents over the …

Retail car fuel prices on Monday were increased by 30 paise to ₹99.41 per litre, and diesel per 35 paise at ₹90.77 per liter in Delhi. This is the sixth fuel price increase in seven days across India. In Mumbai, the price of gasoline has increased from 31 paise to ₹114.19, and the diesel from …

The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register Aramco fuel distribution facility hit by Houthi attack Benchmarks post first weekly gains in 3 weeks US considering another SPR version that could exceed 30 …

Gas prices have fallen in the region, but industry analysts warn the trend could be short-lived as more people hit the road for travel as the weather improves. Last week in northwest Indiana, gas prices averaged $4.35 per gallon in Lake, Porter and LaPorte counties and $4.23 per gallon in Newton, Jasper counties , Starke …

Mining and energy stocks pushed the Australian market higher on Tuesday morning, while oil prices jumped 8% as European Union countries considered joining the United States in boycotting Russian oil. As of 10:15 a.m. AEDT, the benchmark ASX 200 was up 1% to 7,349 points. Some of the top performers were Woodside Petroleum (+3.5pc), Rio …

Other Democrats, including Rep. Parag Khanna and Sen. Sheldon Whitehouse, have proposed a “windfall profits” tax on energy companies. According to Garin’s poll, the idea is popular even with Republicans, 73% of whom said they support it. Asked about the concept, a White House official was evasive, but said, “We’re not going to sit on …

Gasoline prices continue to rise. The national average is currently $4.32 per gallon, according to AAA. In California, however, it’s $5.74 a gallon, the highest in the country. Gas prices in California are always among the highest. But why is this? There are three main reasons. “No. 1 is California is a fuel island, so …

Gasoline prices: Fuel prices have remained stable in metros despite a surge in crude prices around the world Gasoline and diesel prices today: Fuel prices remained unchanged in metropolitan cities on Sunday, March 13, 2022. Prices have held steady for more than four months despite international crude oil prices rising to over $100 a barrel, …

Sanctions against the Russian oil producer for its invasion of Ukraine have pushed up fuel prices already inflated by lower production due to the Covid-19 pandemic. That means Americans returning to commuting and travel face increased costs at the pump on top of two years of financial hardship. Some police departments are calling for increased …

CHARLOTTETOWN, PEI — A Cornwall man rubbed his face with both hands in exasperation after filling containers with fuel oil and loading them into the back of his truck in Charlottetown on March 8. “It’s killing us,” Bryden Dockendorff told SaltWire Network after he and his father, Gordon, loaded a 45-gallon drum and jerrycan with …

KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose 12 sen or 9.68% to RM1.36 amid active trading on Monday morning as an analyst forecast high oil prices will boost its earnings. At the midday break, the stock stood at RM1.35, still up 11 sen or 8.87%. The counter, which was the most actively traded stock …

CINCINNATI (WXIX) – Gas prices continue to rise due to soaring crude oil costs, which are rising due to Russia’s invasion of Ukraine. Several local stations charging $3.27 a gallon for unleaded earlier this week jumped to $3.69 and $3.79 Tuesday night and Wednesday. In one of the highest prices FOX19 NOW has spotted locally …

MANILA, Philippines — Energy Secretary Alfonso Cusi said on Wednesday rising pump prices in the country would be hit harder if the war between Ukraine and Russia escalates further. Even though the country has ample supply, Cusi encouraged the public to save on petroleum products for the time being. “If the war [between Ukraine and …

Business oi-Vipul Das | Posted: Monday February 28th 2022, 12:58 PM [IST] Conflicts between Russia and Ukraine are still boiling and global markets have been weighed down by uncertainties surrounding the crisis. The turmoil had a significant global economic impact, with stock markets and currencies plummeting, gold prices rising and crude oil prices hitting their …

The federal government said it would step up efforts to boost crude oil production to take advantage of global oil prices, hinting it would reach full production by the end of the year. The move comes at a time when the global price of crude oil has reached over $100 a barrel following the Russian-Ukrainian …

An expert has revealed what is behind soaring petrol prices in Australia as motorists continue to experience pain at the pump. The pandemic and international conflict are to blame for fuel prices in Australia soaring as hundreds of pumps start charging upwards of $2 a litre. The insight comes as fuel costs have fluctuated wildly …

SBM intelligencea geopolitical research firm, says that despite gasoline subsidies, transportation costs and gasoline prices rose disproportionately from 2017 to 2021. SBM stated this in a new report by the research firm titled “Growing Fuel Subsidy and Transport Costs: Which Way Forward, Nigeria?” He said that in five years, gasoline prices have increased by 12.1%, …

With global oil prices rising slightly, heavy domestic oil pump cost adjustments are again expected next week for this year’s 8th cycle. Based on last week’s international trade results, it was estimated that petrol prices will increase by P0.95 to P1.05 per litre; diesel from P0.55 to P0.65 per litre; and kerosene prices will rise …

Oil prices have soared in recent months, driven by a growing imbalance between supply and demand as well as heightened geopolitical risks. The price of a barrel of Brent had increased by 50% in 2021, and by an additional 20% since the start of this year. On Wednesday, Dated Brent hit $100.8 a barrel for …