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Keywords: Fuel Prices
Brazilian President Luiz Inácio Lula da Silva’s government has approved an additional package of around $1.3 billion to support fuel prices, seeking to shield consumers and key sectors of the economy from the impact of rising global oil costs. The measure was introduced through an executive......
China’s three largest state-owned airlines have reported substantial losses in the first half of the year, as rising aviation fuel costs continued to weigh heavily on their financial performance. Air China, China Eastern Airlines and China Southern Airlines collectively recorded losses of around......
The cost at the pump has once again increased for European drivers. According to the latest data released by Eurostat on August 21, fuel and lubricant prices for personal transport in the European Union rose by 16.9% in July 2026 compared to a year earlier. This new increase confirms the ongoing pressures......
Global energy markets could be heading toward another period of pressure, with refined fuels emerging as a greater concern than crude oil prices, according to veteran market strategist Jeff Currie. Speaking to CNBC, Currie, chief strategy officer at Altis Partners, argued that consumers are ultimately......
Europe has managed to avoid the severe aviation fuel shortage that threatened its airlines, but the disruption has come at a significant financial cost for carriers and passengers. Supply disruptions linked to tensions in the Middle East and reduced shipping through the Strait of Hormuz forced European......
Motorists in Morocco are facing another increase in fuel prices after distributors raised the cost of both diesel and gasoline by one dirham per litre, reinforcing an upward trend that began in mid-July following several weeks of declining prices. The latest adjustment took effect late on August 2,......
Singapore Airlines has reported its first quarterly loss since the end of the COVID-19 pandemic, as higher fuel expenses and financial pressure linked to its associate Air India affected the carrier’s performance. The city-state’s flag carrier recorded a net loss of S$76 million ($58.79......
The Italian government is set to introduce a new package of measures aimed at limiting the impact of soaring fuel prices, as rising energy costs place increasing pressure on households, businesses and the country's public finances. The proposals, expected to be approved by the cabinet in Rome, come......
The French government has extended the deadline for motorists eligible for the “grands rouleurs” fuel assistance programme, allowing high-mileage drivers to submit their applications until the end of August instead of the original July deadline. Government spokesperson and Energy Minister......