Indian petrol and diesel prices remained unchanged across major cities on July 21, despite global crude oil falling below $90 per barrel due to hopes of a ceasefire. Retail fuel costs in India are influenced by taxes, freight, and exchange rates, not just crude prices, leading to stable rates.
Fuel prices in Portugal are projected to increase significantly from July 20-26, with diesel rising by 13.5 cents and petrol by 6.5 cents per litre. This surge is attributed to the ongoing Middle East conflict, prompting the Environment and Energy Minister to request inspections of petrol station pricing.
US diesel prices have again risen above $5 a gallon, with gas nearing $4, returning to pre-June highs. This surge is attributed to renewed US-Iran diplomatic uncertainty, new airstrikes, and unpredictable White House rhetoric, leading to universal cost increases.
State-run oil companies cut commercial LPG by Rs 183.5 and ATF by Rs 5/litre. Nayara Energy reduced petrol by Rs 5 and diesel by Rs 3/litre. Domestic LPG, CNG, and state-run petrol/diesel prices remain unchanged.
Nayara Energy, India's largest private fuel retailer, has cut petrol by Rs 5/litre and diesel by Rs 3/litre nationwide. This move, driven by lower international crude oil prices due to easing Middle East tensions, marks the first price reduction by any fuel retailer in over two years. State-run companies kept prices unchanged.
Nayara Energy, India's largest private fuel retailer, reduced petrol by Rs 5/litre and diesel by Rs 3/litre nationwide. This is the first price cut in over two years, driven by lower international crude oil prices due to easing Middle East tensions.
The UAE has announced a sharp reduction in petrol and diesel prices for July 2026, effective July 1. This marks the end of a four-month price increase streak, offering relief to motorists and businesses.
US farmers, including Ryan Poe, Kevin Deinert, and Dave Walton, are still grappling with high fertilizer and diesel prices despite global market drops and a tentative Iran peace deal. A USDA forecast predicts these costs won't substantially decrease until 2027, putting significant pressure on farm margins and the rural economy.
India's Oil Minister Hardeep Singh Puri suggested petrol and diesel prices may decrease as cheaper crude oil arrives. He defended current prices, noting limited increases despite global volatility and government excise duty cuts, while OMCs face daily losses.
Union Minister Hardeep Singh Puri stated that petrol and diesel prices in India have not effectively increased due to government measures, despite global crude oil market volatility. He highlighted India's low increase in petroleum prices compared to other nations and noted the government's absorption of costs.
UK motorists may see lower fuel prices following a framework deal between the US and Iran. The conflict had previously driven up oil prices significantly, impacting petrol and diesel costs. Analysts predict further price drops if oil prices stabilize.
China's government will cut gasoline and diesel prices by approximately 110,000 won per ton starting May 5th, citing fluctuations in international oil prices amid Middle East tensions. This marks the second price reduction this year, following eight increases.
China will cut gasoline and diesel prices by 525 yuan and 505 yuan per ton respectively, effective from midnight on June 4. This decision follows a recent rebound in international crude oil prices after a period of decline, with the average price over the last 10 working days being lower than the previous adjustment period.
China will cut gasoline and diesel prices by 525 and 505 yuan per ton respectively starting June 4th, marking the second price decrease this year. This adjustment follows a period of fluctuating international crude oil prices.
China will cut gasoline and diesel prices by 525 yuan and 505 yuan per ton respectively, effective from midnight on June 4, as international crude oil prices have recently rebounded after a period of decline. The National Development and Reform Commission announced the adjustment.
Petrol and diesel prices remained stable nationwide on June 2, 2026, despite recent crude oil price increases. State-run oil companies continue to face marketing losses, with analysts citing U.S.-Iran ceasefire uncertainty affecting global oil prices.
UAE petrol prices have risen for the fourth consecutive month in June 2026, with Super 98 up 60% since February. The increases reflect global energy market volatility driven by Middle East conflict and shipping disruptions, despite a drop in diesel prices.
Opposition parties in India, including Congress and AAP, have strongly criticized the Modi government for recent increases in petrol and diesel prices. They accuse the government of "fuel loot" and burdening citizens despite stable international crude oil prices, questioning why India isn't buying cheaper oil from Russia and Iran.
India's Finance Minister Nirmala Sitharaman stated that reducing excise duties on petrol and diesel would result in a revenue loss of approximately Rs 1 lakh crore. She urged against 'fearmongering' amid rising fuel prices and global uncertainties, emphasizing the nation's economic resilience.
Fuel prices in India increased for the fourth time in 10 days, with petrol up by Rs 2.61 and diesel by Rs 2.71 per litre. This hike, driven by rising global crude prices and a weakening rupee, adds pressure to household and transportation costs.
Municipal bus companies in Mecklenburg-Vorpommern are facing significant financial burdens due to rising diesel prices, with some reporting potential additional costs of up to €1 million. The industry warns that these increases could lead to reduced public transport services across Germany.
Public sector oil companies in India increased petrol and diesel prices by nearly 90 paise per litre on Saturday, the third hike since May 15. This move aims to partially offset losses from selling fuels below market rates amid rising global crude prices.
Diesel prices have risen by 52 cents net of taxes between late February and mid-April. Despite this, fuel consumption in Italy increased in April, with gasoline up 7% and diesel up 0.4%. Experts warn of potential fuel shortages.
Petrol and diesel prices in India saw another hike of 87-91 paise per litre on Saturday, bringing the total increase in less than 10 days to nearly Rs 5 per litre. This rise is attributed to increasing international crude oil prices and a weaker rupee.
