Petrol

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.

Australian Foreign Minister Penny Wong emphasized to China that maintaining stable trade and food shipments requires continued imports of petrol, jet fuel, and fertilizer. The statement highlights the link between energy supply stability and commodity exports.

Public anger is rising as fuel prices at the pumps remain unchanged despite a decline in wholesale costs for petrol and diesel. The discrepancy between wholesale and retail prices has sparked frustration among consumers.

Electric vehicle sales are increasing in Australia and Vietnam due to rising petrol and diesel costs linked to the Iran conflict. The war's impact on fuel prices is driving demand for EVs as an alternative.

The article suggests that rising petrol and diesel prices, caused by an ongoing Iran war, may soon ease, according to the RAC. Drivers could see relief as the conflict 'almost ground to a halt'.

Panic-buying of petrol has surged in Ireland due to fuel price protests, causing forecourts to nearly run out of fuel. The situation highlights growing concerns over rising fuel costs and potential supply disruptions.