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.
Australia's headline inflation decreased to 4.2% in April, driven by a 7% fall in automotive fuel prices post-fuel excise cut. Trimmed mean inflation rose to 3.4%, above the RBA's target. Market pricing now suggests a 93% chance of the RBA holding rates in June.
Petrol prices in Delhi crossed Rs 100 per litre after state-owned oil companies implemented the fourth price hike in 11 days, increasing petrol by Rs 2.61 to Rs 102.12 and diesel by Rs 2.71 to Rs 95.20. Cumulative under-recoveries are now below Rs 600 crore daily.
India's state-run refiners have increased retail prices for diesel and petrol by nearly 1% for the third time in a week. This move aims to reduce processor losses and manage demand spikes, with cumulative hikes now reaching 5.5% for diesel and 5% for petrol.
Petrol and diesel prices in India saw another hike of around 90 paise per litre on Tuesday, the second increase in less than a week. This follows a previous Rs 3 per litre rise on Friday, driven by rising global crude oil prices due to the West Asia conflict.
Petrol and diesel prices increased by approximately 90 paise per litre on Tuesday, the second hike in less than a week. Prices in Delhi now stand at Rs 98.64 for petrol and Rs 91.58 for diesel.
Greenpeace, Transport and Environment, and other groups call for banning private jets and reducing UK motorway speed limits to 60mph to mitigate an impending fuel supply crisis, citing minimal inconvenience now to avoid severe shortages and price spikes later.
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer price index rose 3.8 per cent from April 2025, according to data released on Tuesday. On a month-to-month basis, April prices rose 0.6 per cent from March as petrol prices rose 5.4 per cent during the month; the month-over-month gain was down from 0.9 per cent increase from February to March. Labor Department figures showed that petrol prices are up more...
UAE motorists will face higher fuel costs in May 2026 as petrol prices see another significant increase. This marks the third consecutive monthly hike, driven by global oil market instability and geopolitical tensions. The latest revisions mean higher expenses for daily commutes and businesses reliant on transportation.
The ASX 200 has continued its downward spiral ahead of this morning's data release, which is likely to show inflation spiking at its highest level in two and a half years. Follow live.
Hong Kong authorities conducted 18 joint operations against illicit refuelling stations this year as the practice grows in urban areas. Customs chief Commissioner Chan Tsz-tat said while the trend is upward, illegal refuelling is not widespread due to high vehicle ownership costs and already expensive petrol prices in Hong Kong. The operations come amid global energy price surges following disruptions in the Strait of Hormuz after conflicts broke out in late February, with Brent crude rising from around US$70 to US$105 per barrel.
Petrol prices are reshaping Australian life in ways big and small — from a grandmother's isolation to a farmer's future.
Oil prices rise again closer to $100 a barrel as strait of Hormuz remains closed; EU energy commissioner warns oil price crisis could last months or years even if there is peaceHere’s more reaction to the rise in UK inflation to 3.3%.Sharon Graham, general secretary of the Unite union, said:Today’s uptick in inflation looks like it is just the beginning. Before the war in Iran, workers were already forecast to get poorer. The outlook is now looking increasingly bleak.Workers must not pay the price yet again, for a crisis not of their making. As a minimum the government must take decisive action on soaring energy bills.Households are feeling the pain from Trump’s illegal war. Big rises in petrol prices are pushing up inflation and shockwaves from the war are putting recent improvements in growth under threat.But the Bank of England must remain focused on cutting rates as soon as possible. Coupled with Trumpflation, higher interest rates would increase the pressure on already stretched families and businesses. But lowering rates would provide vital support for economic growth, which is an important part of the Bank’s remit too. Continue reading...
Petrol prices remained unchanged across major Indian cities on April 22, 2026, with Delhi selling at Rs 94.77 per litre and Mumbai at Rs 103.50 per litre. Global crude oil prices held near $98 per barrel after Trump extended a ceasefire with Iran. Despite global volatility, oil companies are holding rates steady due to inflation concerns, though pressure mounts as crude prices climb and rupee weakens ahead of state elections.
Electric car sales in continental Europe soared 51% in March as rising petrol and diesel costs driven by the Iran war accelerated the shift to EVs. Some 224,000 new EVs were registered last month, with 500,000 sold in Q1 – a 33.5% increase year-on-year. Norway leads with 98% of new cars being electric, while Germany, France, Italy and Poland recorded 40% EV uptake. The switch has reduced annual oil demand by the equivalent of 2m barrels per year.
France will nearly double EV support to €10bn annually through 2030, Prime Minister Sebastien Lecornu announced April 10, 2026. The plan includes incentives for electric cars and charging infrastructure, targeting two out of three new vehicles to be electric by 2030, plus a social leasing programme for 100,000 low-income EVs. BEV sales in the EU rose to 18.8% in early 2026, up from 13.6% in 2024.
European car buyers are showing a surge in interest for electric vehicles, driven by escalating petrol prices following the conflict in Iran. Online marketplaces across the UK, Germany, France, and Spain have reported significant increases in EV inquiries.
