Keywords: Fuel Prices


Lufthansa plans to ground 40 aircraft as Iran war doubles jet fuel costs

The war between the United States, Israel, and Iran has evolved into a full-blown aviation crisis, with jet fuel prices more than doubling in a matter of weeks, airlines slashing capacity, and millions of passengers left in uncertainty as vast portions of Middle Eastern airspace remain closed or restricted. Jet......

UK set to receive last jet fuel tanker from the Middle East as aviation crisis looms

The United Kingdom is bracing for its most immediate supply pressure as Europe's aviation fuel reserves hold for now but risk running critically low by May if the Strait of Hormuz remains effectively closed, cutting off roughly 40% of the region's jet fuel imports. The last known kerosene cargo......

Morocco faces another fuel price hike as diesel rises by 1.70 dirhams

Fuel prices in Morocco are set to rise again starting Tuesday at midnight, with diesel increasing by 1.70 dirhams per liter and gasoline by 1.57 dirhams per liter. This comes after previous hikes in mid-March and amid ongoing volatility in international energy markets. According to industry sources,......

TotalEnergies extends fuel price caps in France until April 7

TotalEnergies will keep fuel prices capped at its French stations until April 7, aiming to remain competitive amid rising global oil costs. The extension follows a previous cap set in mid-March and comes shortly after tensions in the Middle East pushed prices higher. Under the scheme, gasoline prices......

Egypt secures Libyan oil as Iranian war fuels Africa’s energy crisis

A month into the U.S.-Israeli military campaign against Iran, the effective closure of the Strait of Hormuz has disrupted African fuel markets, leaving countries from Kenya to Nigeria grappling with fuel shortages, soaring prices, and emergency rationing measures that threaten to deepen poverty across......

Stronger fuel oversight in Morocco to protect consumers

Morocco is stepping up oversight of its fuel market as global energy volatility continues to impact domestic prices. Rising geopolitical tensions in the Middle East have disrupted supply chains and pushed up international oil prices, creating ripple effects across fuel-importing countries. Highly dependent......

Morocco strengthens oversight of fuel prices amid global market volatility

Morocco’s Conseil de la concurrence has announced stricter monitoring measures to oversee how international fuel price fluctuations are reflected in the domestic market, as global energy volatility continues to rise. The decision comes in response to recent sharp increases in oil and petroleum-derived......

France to announce targeted fuel aid for key sectors

The French government is set to unveil targeted financial support measures on Friday evening to help industries most affected by rising fuel prices linked to tensions in the Middle East. Officials indicated that the aid will focus on specific sectors such as transportation, agriculture, and fishing,......

Airlines raise fares and cut flights as jet fuel prices surge

Airlines worldwide are increasing ticket prices, adding fuel surcharges, and reducing routes as jet fuel costs have nearly doubled since the outbreak of war involving Iran on February 28. Industry analysts describe the situation as the most severe disruption since the COVID-19 pandemic. Jet fuel prices......