fuel prices
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france24.comKenyan Inflation Reaches More Than Two-Year High in May
Kenyan inflation rose to its highest level in more than two years during May. The increase followed a sharp rise in local fuel prices linked to the Iran conflict.
Costco Reports Record Gas Sales in Fiscal Third Quarter
Costco recorded its highest-ever weekly gas volumes in the final five weeks of its fiscal third quarter. The retailer also reported net sales above Wall Street expectations and began filing tariff refund claims.
oneindia.comIndia Lowers 2026 Fuel Demand Growth Forecast by 40 Percent
Kpler revised India's refined-products demand growth to 77,000 barrels per day for the current year. The reduction follows higher crude import costs, a weaker rupee, and government conservation steps. State retailers have raised pump prices by more than 7.5 rupees per litre.
jpost.comMillions Expected to Travel Over 50 Miles for Memorial Day Weekend
Gas prices have risen ahead of the holiday. Projections show many Americans will still drive long distances. Financial pressures limit travel for others.
thehindubusinessline.comIndia State Fuel Retailers Report Daily Losses Near 6 Billion Rupees
A government official stated that state-owned fuel retailers continue to lose slightly less than 6 billion rupees per day even after recent price increases. The figure reflects the gap between regulated retail prices and the cost of imported crude and refined products.
Al JazeeraPakistan Livestock Traders Report Lower Sales Ahead of Eid al-Adha
Traders at one of Islamabad’s largest cattle markets said rising fuel prices linked to regional tensions have increased transport and feed costs. Higher animal prices have reduced buyer demand in the weeks before Eid al-Adha.
Fox NewsNational Average Gas Price Nears Record High Ahead of Memorial Day
Gasoline prices across the United States are approaching historic levels as the Memorial Day weekend begins. AAA projects more than 39 million people will travel by car despite the elevated costs.
Alaska Airlines Starts Seattle-to-London Flights
Alaska Airlines began its new Seattle-to-London service on Thursday while most carriers absorb only part of higher fuel expenses. The airline is expanding transatlantic routes to attract premium passengers.
winnipegfreepress.comKenya Public Transport Federation Ends Nationwide Fuel Strike After State House Meeting
The Federation of Public Transport Sector called off a fuel strike on Friday after meeting with President William Ruto. The group said the government agreed to address insurance claims, auctioneering practices, and fuel costs.
winnipegfreepress.comU.S. EV Sales Fell in April While Hybrid Sales Rose
Sales of new electric vehicles declined in April even as gasoline prices increased. Hybrid vehicle sales rose during the same period. Data from two research firms showed different rates of decline for EVs.
nationalpost.comCalifornia Bill Advances to Ease Rules on Ethanol Fuel Conversion Kits
California lawmakers approved a bill that would exempt E85 conversion kit makers from state emissions certification. The measure heads to the Senate and requires the governor's signature to become law.
SemaforU.S. Retailers Report Weaker Sales Outlook as Fuel Prices Rise
Walmart and Target executives described declining consumer spending and lower fuel purchases. The reports come as fuel prices rise during the Iran conflict.
rte.ieUK Allows Some Russian-Origin Fuel Imports to Address Shortages
The UK government will continue permitting diesel and jet fuel refined from Russian crude in third countries. Officials also plan to extend a 5p fuel duty cut beyond September amid rising prices.
videogameschronicle.comWalmart Says It Will Use Tariff Refunds to Lower Prices
Walmart executives stated on Thursday that the company may direct tariff refunds toward price reductions. They also noted that rising fuel costs are affecting customer spending patterns.
bstrategyhub.comWalmart, Target and TJX report higher sales as fuel costs rise
Walmart, Target and TJX reported sales growth in recent quarters. The results came as higher fuel prices increased costs for many goods.
Cattle Markets Open in Depok Ahead of Eid al-Adha
Cattle markets have opened in Depok, Indonesia, ahead of Eid al-Adha. Sellers report fewer customers as fuel prices rise and the rupiah reaches record lows.
rigzone.comUK Extends Fuel Duty Freeze Until End of 2026
Prime Minister Keir Starmer announced the extension of the fuel duty freeze and additional cuts for farmers and hauliers. The measures respond to rising fuel prices linked to conflict in the Middle East.
manilatimes.netKenya Suspends Nationwide Transport Strike After Fuel Protests
Kenyan transport operators suspended a nationwide strike over fuel price increases for one week. Four people were killed and more than 700 arrested during related protests.
The IndependentSurvey: 29 Percent of London Drivers Consider Cycling as Fuel Prices Rise
A poll of 1,000 London adults shows 28 percent of drivers cycling more or planning to switch due to higher petrol and diesel prices. The increase follows restrictions on tanker traffic through the Strait of Hormuz that began on 28 February.
newser.comOregon Voters Reject Gas Tax Increase
Oregon voters rejected a gas tax increase passed last year by Democratic lawmakers. The measure was referred to voters by Republicans during a period of higher fuel prices linked to the war with Iran.
ecns.cnKenya Suspends Nationwide Fuel Strike for One Week
Kenyan officials and transport sector representatives agreed to suspend a nationwide fuel strike for one week. The pause follows negotiations over rising diesel prices that had disrupted public transport services.
NewsweekRising Fuel Prices Prompt Shift Toward Electric Vehicles in U.S. and Europe
New car buyers in the U.S. and Europe are showing increased interest in alternative fuel vehicles as gasoline and diesel prices rise amid the ongoing conflict in Iran. HSBC Bank analysts noted that prolonged supply disruptions could accelerate electric vehicle sales.
france24.comFour Killed in Kenya Protests Over Record Fuel Price Rise
Four people died and at least 30 were injured Monday during nationwide protests against a sharp increase in fuel prices. Interior Cabinet Secretary Kipchumba Murkomen reported 348 arrests as transport operators staged a coordinated strike that stranded commuters across the countr…
Al JazeeraKenya Fuel Price Protests Turn Deadly in Kiambu and Nakuru
At least two people were killed during protests in Kenya sparked by record fuel price increases. Transport workers blocked roads and clashed with police in multiple towns.
FortuneKenya Fuel Prices Reach Record Highs as Protests and Strike Begin
Fuel prices in Kenya hit record levels on Friday. Protests and a public transport strike began Monday in Nairobi over the increases.
ecns.cnKenya Deploys Security Forces After Protests Disrupt Transport in Nairobi Area
Security teams were sent to sections of Thika Road and Kiambu County on Monday following reports of vandalism and road blockades during a nationwide public service vehicle strike. The action came after protesters lit tires and damaged vehicles along the Thika Superhighway corrido…
france24.comNairobi Fuel Protest Leads to Vehicle Burning and Highway Clashes
Protesters and police clashed on Thika Road Monday morning after a nationwide transport strike began over recent fuel price increases. A private vehicle was set on fire and others were damaged during the unrest.
bbc.co.ukKenya Transport Operators Strike Nationwide Over Record Fuel Prices
Public transport operators across Kenya launched a nationwide strike to protest sharp increases in fuel prices. Key roads in Nairobi stayed largely empty and some schools directed students to remain at home.
digiday.comU.S. Consumers Spent $41.7 Billion Extra on Fuel Since Iran Conflict Began
Americans have paid an estimated $41.7 billion more for gasoline and diesel since late February. National average prices rose more than 51 percent for gasoline and nearly 54 percent for diesel.
citizen.co.zaMatatu Operators Plan Up to 50% Fare Hike Following Fuel Price Increase
Operators in Nairobi said the latest fuel price adjustment has made operations unsustainable, citing sharp increases in diesel and petrol prices. They threatened to withdraw services nationwide from Monday unless the government intervenes with action or subsidies. The announcemen…
upi.comSouth Korea Reports Record Exports Despite Middle East Conflict, Government Prepares Growth Strategy
Finance Minister Koo Yun-cheol said prolonged fighting is now visibly affecting the real economy and livelihoods even as the country posts record exports and stock indexes. He presided over separate meetings on economic and real estate policy in Seoul on May 15, 2026. The governm…
rte.ieEPRA to Announce May Fuel Prices as Global Oil Costs Rise
The Energy and Petroleum Regulatory Authority is set to announce its monthly fuel price review on Thursday evening, 14 May 2026, with the current cycle having ended that day. Pump prices in Nairobi exceeded Sh206 per litre for petrol and diesel after one of the steepest increases…
BBC NewsJet Fuel Prices Rise After Strait of Hormuz Closure as Industry Warns of Higher European Air Fares
Willie Walsh, head of the International Air Transport Association, told the BBC that airlines cannot absorb elevated oil costs, making higher ticket prices unavoidable. The closure of the Strait of Hormuz from the conflict in Iran has driven dramatic price increases, with effects…
naturalnews.comTrump Proposes 90-Day Suspension of Federal Gasoline and Diesel Taxes
President Donald Trump on Monday endorsed a temporary suspension of the federal gasoline tax amid rising fuel costs tied to the war with Iran. Sen. Josh Hawley introduced legislation for a 90-day pause that would affect the 18.4-cent-per-gallon gasoline levy and 24.4-cent diesel…
SemaforAirlines Lower Some European Fares as Demand Softens
Airlines have reduced prices on selected flights to Southern Europe after travelers delayed bookings due to concerns over potential jet fuel shortages linked to the Iran conflict. A Financial Times analysis showed lower fares for popular destinations as carriers seek to stimulate…
Last Middle Eastern Oil Tanker Delivers Final Shipment to California
A supertanker docked in Long Beach and delivered California’s last incoming shipment of Middle Eastern oil. California drivers are paying the nation’s highest fuel prices as the milestone arrives. The delivery marks the end of a long-standing supply chain for the state.
opindia.comModi Urges Fuel Conservation, Carpooling and Work-from-Home Measures
Indian Prime Minister Narendra Modi on May 10, 2026, called on citizens and businesses to cut petrol and diesel use amid surging global energy prices that are straining the country's foreign exchange reserves. He urged a return to work-from-home arrangements, carpooling and adopt…
bbc.co.ukTanzania Raises Fuel Prices in Dar es Salaam, Introduces Targeted Diesel Subsidy
The government introduced a subsidy of 259/- per litre on diesel effective May 6, 2026, as EWURA set new retail prices at 4,115/- for petrol and 4,248/- for diesel in Dar es Salaam. The increases stem from a February 2026 conflict involving the United States, Israel and Iran that…
EuronewsEU Bars Airlines From Adding Fuel Surcharges After Ticket Purchase
The European Commission ruled that airlines cannot add fuel surcharges to tickets already sold in the EU, even as jet fuel prices have more than doubled since the Iran conflict began in February. The guidance follows Spanish carrier Volotea applying such fees of up to €14.
Al JazeeraASEAN Leaders Hold Summit in Philippines
Leaders of the ASEAN bloc began meetings in Cebu on May 7, 2026, with conflicts in the Middle East expected to overshadow discussions. Residents near the venue cited soaring fuel prices and living costs as their primary concerns. Officials described the current period as a “stres…
upi.comCorporate Earnings Exceed Expectations
U.S. companies reported strong first-quarter results with 84% of S&P 500 firms topping estimates, the highest rate in years. Sectors across the board showed year-over-year earnings growth for the first time in four years even as jet fuel costs rose sharply from the Iran conflict.
Nbc NewsSpirit Airlines Files for Bankruptcy After Ceasing Operations, Citing Fuel Cost Increases
Spirit Airlines ceased operations immediately on Saturday, stranding thousands of passengers and employees. A bankruptcy hearing on Tuesday revealed the shutdown stemmed from soaring fuel costs due to the U.S.-Israel war with Iran. The airline apologized to the public and warned…
CnbcGrab CFO Says Fuel Prices Unaffected Demand Amid Q1 Revenue Growth
Grab's chief financial officer stated that rising fuel prices linked to the Iran conflict have not impacted demand. The company reported a 24% increase in first-quarter results. Grab plans to launch new banking products and aims to break even in its financial services by year-end…
orlandoweekly.comSouthwest Pilots Honor Retiring Spirit Captain with On-the-Spot Celebration After Flight Cancellation
A retiring Spirit Airlines pilot received an unexpected celebration from Southwest Airlines after his final flight was canceled due to the carrier's sudden collapse. Captain Jon Jackson, flying home with his son, was honored with cheers, champagne and a water cannon salute upon l…
thesouthafrican.comSouth Africa Increases Petrol and Diesel Prices Starting Wednesday
The Department of Petroleum and Mineral Resources announced increases in fuel prices effective from Wednesday. Petrol prices will rise by R3.27 per litre, while diesel will increase by R6.19 per litre. The adjustments follow rises in international crude oil and product prices ami…
pravdareport.comStrait of Hormuz Closed, Halting Middle East Jet Fuel Exports to Europe
The Strait of Hormuz blockade has disrupted Gulf jet fuel exports, driving prices above $1500 per tonne in Europe and risking shortages. Airlines including Lufthansa and Air France KLM have cut schedules, while UK officials warn of cancellations impacting holidays. Extra U.S. imp…
BBC NewsSpirit Airlines Shuts Down Operations
Spirit Airlines ceased operations on Saturday, resulting in thousands of job losses, following the Biden administration's Justice Department blocking its proposed merger with JetBlue. A former Biden advisor questioned the merger rejection's role in the shutdown, while a Democrati…
chasingthedonkey.comDubrovnik Airport Reports 13% Increase in Easter Visitors
Global instability from the Iran war and surging fuel prices has introduced unpredictability to Croatia's tourism sector, particularly in Dubrovnik. Officials report strong early numbers but express caution for the upcoming summer. Visitor data shows increases over Easter, while…
Substrate placeholder — needs reviewFlight Cancellations and High Fuel Prices Disrupt Travel in China During May Holidays
Flight cancellations and elevated fuel prices are impacting travel across China. Many travelers are opting to stay close to home for the May holidays. Reuters reported these developments amid the holiday period.
Substrate placeholder — needs reviewLogistics Company Keeps Full-Year Revenue Target Amid Iran War Fuel Price Volatility
A major logistics company announced it is holding steady on its full-year revenue projections amid concerns over rising fuel costs. The company cited the ongoing war with Iran as a factor driving fuel market fluctuations that could impact demand. No changes were made to revenue t…
EuronewsJet Fuel Prices Double from Middle East Conflict; European Airlines Cancel Flights, Adjust Fares
Jet fuel prices in Europe have risen 105.7% since last year due to the US-Israel war on Iran and the closure of the Strait of Hormuz. Carriers including Transavia, KLM, Turkish Airlines, and Lufthansa are suspending routes and adding surcharges. BP reported first-quarter 2026 pro…
Substrate placeholder — needs reviewBudget Airlines Seek $2.5 Billion in U.S. Aid as Jet Fuel Costs Surge from Iran Conflict
Low-cost carriers including Frontier and Avelo have requested $2.5 billion from the Trump administration to offset rising jet fuel prices caused by the U.S.-Israeli conflict with Iran. The request follows a meeting with transportation officials amid global aviation disruptions. A…
citizen.co.zaIran Conflict Raises Fuel Prices, EV Interest
Rising fuel prices connected to the ongoing war in Iran have increased worldwide interest in electric vehicles. China, a leader in global EV production, sees automakers anticipating higher demand due to the energy crisis. Al Jazeera reported on these developments.
Substrate placeholder — needs reviewSpirit Airlines Pursues $500 Million in U.S.-Supported Financing in Bankruptcy
Spirit Airlines is in advanced talks with the federal government for up to $500 million in financing, potentially giving the U.S. a stake of up to 90% in the company. The airline's lawyer stated it needs new funds or access to $240 million by the end of next week to prevent liqui…
Substrate placeholder — needs reviewFact-Checking Kenyan President's Claims on Fuel Prices and Income Comparisons
Kenyan President Ruto stated that fuel prices in Kenya should be compared to other middle-income countries. Fact-checking shows Kenya and Tanzania are both lower-middle-income economies with similar fuel prices. Disputes arose over road network claims and income classifications.
Substrate placeholder — needs reviewChinese Domestic Travel Bookings Rise 8-10% for 2026 Labour Day Holiday Amid Fuel Price Surge
Domestic flight and package-tour bookings in China rose ahead of the May 2026 Labour Day holiday, rivaling or exceeding last year's levels despite elevated global fuel costs. Travelers favored shorter trips and rural destinations to manage expenses. Fuel prices surged following m…
Substrate placeholder — needs reviewUK Inflation Hits 3.3% in March as Iran War Drives Up Fuel Prices
UK inflation rose to 3.3% in the year to March, driven primarily by an 8.7% monthly increase in motor fuel prices following the start of the US-Israel war with Iran on February 28. Economists predict inflation could peak at 3.5% to 4% this year, exceeding the Bank of England's 2%…
defence.pkUK Petrol Thefts Rise 62% Amid Fuel Price Increases from Iran Conflict
Petrol thefts in the UK have increased by 62% compared to a year ago, according to data compiled for the BBC. Retailers report higher incidents of drive-offs and staff abuse linked to elevated fuel costs from the US-Israel war with Iran. Government and police officials stated tha…
SemaforGlobal Electric Vehicle Sales Increase Amid Rising Fuel Prices
Electric vehicle sales rose significantly in several countries as consumers sought alternatives to high fuel costs. Increases were reported in India, the UK, and the US, influenced by incentives and emissions rules. Analysts predict a sustained higher demand level following a tem…
Substrate placeholder — needs reviewFarmers for Action Contacts UK Ministers for Talks on Expanding Fuel Duty Protests
Farmers for Action has warned the Government that demonstrations against fuel duty could extend into England and contacted ministers for urgent discussions. The group is considering nationwide protests over taxation and fuel costs. William Taylor expressed hope for a meeting in t…