Topic
fuel prices
Commodities US fuel prices rise: Gasoline returns to $4 per gallon after Middle East flare-up
A report from Times of India indicates that US gasoline prices have risen to $4 per gallon after a Middle East flare-up. The headline highlights the renewed price level, though no further details on specific contracts or volumes were provided.
Business Pakistan to Revise Fuel Prices Daily; Current Account Records $139 Million Deficit in FY26
Pakistan will revise petroleum prices daily instead of weekly to respond to volatile global oil prices driven by US-Iran tensions. The government also reported a current account deficit of $139 million for FY2025-26, reversing the previous year's surplus of $1.838 billion. The All Pakistan Petrol Pump Owners' Association has rejected the deregulation policy and warned of protests.
Commodities Fuel Prices Soar Like a Rocket, Fall Like a Feather: Breakthrough Economist Explains
The 'rocket and feather' phenomenon describes how fuel prices surge quickly but decline gradually. Breakthrough Chief Economist Matthew Muenster explains the operational and market dynamics behind this, including inventory strategies and competitor pricing. The article also highlights upcoming supply chain events.
Commodities Crude Oil Plunges to Pre-War Levels on US-Iran Ceasefire, India Fuel Price Cut in Doubt
Global crude oil prices have crashed to a four-month low, hovering around $70 per barrel amid the US-Iran ceasefire and reopening of the Strait of Hormuz. While this has sparked expectations of petrol and diesel price cuts in India, experts say a reduction is unlikely soon due to government fiscal priorities and the need for oil marketing companies to recover past losses.
Commodities Nayara Energy cuts petrol by Rs 5/litre and diesel by Rs 3/litre in first fuel price reduction in over 2 years
Nayara Energy, India's largest private fuel retailer, reduced petrol and diesel prices by Rs 5 and Rs 3 per litre respectively, marking the first retail fuel price cut in over two years. The move follows easing Middle East tensions and lower global crude prices. State-run retailers IOC, BPCL, and HPCL have not matched the cuts.
Logistics Airfares Could Rise Up to 25% as Jet Fuel Costs Surge, McKinsey Warns
A McKinsey report warns that jet fuel costs could surge due to geopolitical disruptions and refinery constraints, potentially raising airfares by 20-25%. The jet fuel crack spread may average over $50 per barrel in 2026, up from historical levels of $20 or less. Supply constraints are emerging from major exporters in the Gulf and Asia, with countries like China, India and South Korea restricting fuel exports.
Commodities Benchmark Diesel Price Falls Below $5 Per Gallon for First Time Since March 9
The DOE/EIA weekly average retail diesel price fell to $4.832 per gallon, the first sub-$5 reading since March 9, marking a seventh consecutive decline totaling 80.8 cents/g. ULSD futures on the CME dropped to $3.0530/g, while Bank of America Merrill Lynch slashed its Brent crude forecast to $82/b, citing potential deficits until Q4 2026.
Commodities India's Oil Minister Says Petrol, Diesel Rates May Ease as Cheaper Crude Arrives
Union Petroleum Minister Hardeep Singh Puri indicated that petrol and diesel prices could be reduced when lower-priced crude oil purchased recently reaches Indian refiners. Speaking in Sonbhadra, Uttar Pradesh, he noted that oil marketing companies are currently processing higher-cost crude and losing about Rs 1,000 crore per day, but the government has shielded consumers from the full impact of global volatility.
Business US-Iran Conflict Drives India's Wholesale Inflation to 9.68% in May as Fuel, Food, Power Costs Surge
India's Wholesale Price Index (WPI) inflation surged to 9.68% in May from 8.26% in April, reflecting the economic impact of the US-Iran conflict. Fuel, power, food, and manufactured goods prices all rose sharply. The Reserve Bank of India has raised its inflation forecast for the current financial year to 5.1%.
Business India's Retail Inflation Quickens to 3.93% in May, Stays Below RBI Target for 16
India's retail inflation accelerated to 3.93% in May, driven by higher food and fuel prices, marking the highest reading under the revamped CPI series. Despite the rise, inflation has stayed below the RBI's 4% target for 16 straight months, giving policymakers room to support growth. However, risks from rising energy costs and a below-normal monsoon could complicate the outlook.
Logistics Diesel Prices Drop as Spot Demand Rises Amid Contract Failures
The average diesel price has dropped to $5.21 per gallon, marking a significant decrease. Meanwhile, RXO reports a rise in spot demand as contract routing guides fail, highlighting stress in traditional freight networks.
Commodities Diesel Prices Decline Amid Inventory Concerns
Diesel prices continue to decline, with the DOE/EIA reporting a drop to $5.21/gallon. Concerns about low inventory levels and potential export bans are influencing market dynamics.
Commodities Jet Fuel Prices Surge 10% Amid New Stabilisation Scheme
Jet fuel prices for domestic airlines in India have risen by 10% as state-owned oil companies implement a price stabilisation scheme. The plan allows airlines to lock in fuel rates for up to three years, aiming to mitigate the impact of global oil price volatility.
Logistics Airlines' Profits Plummet Amid Fuel Price Surge
Airlines are experiencing a significant profit downturn in 2026, with earnings nearly halved due to rising fuel costs and Middle East airspace disruptions. Despite strong passenger demand, operational costs are soaring.
Commodities Crude Oil Price Surge: Impact on Inflation and Transport Costs
Crude oil prices on the NYMEX have surged to $112 per barrel, impacting inflation and transport costs. Crisil warns of potential increases in CPI inflation by up to 48 basis points.
Logistics Transporters Urge Fuel Price Cut Amid Crude Oil Drop
The All India Motor & Goods Transport Association (AIMGTA) has called on the Indian government to reduce petrol and diesel prices following a drop in crude oil prices to $90 per barrel. This move aims to alleviate pressure on transport operators and reduce logistics costs.
Commodities India's Fuel Prices Steady Amid Global Oil Surge
India's fuel prices rose minimally by around 5% despite a global surge triggered by the West Asia crisis. Strategic excise duty cuts and limited pass-through helped mitigate the impact of rising crude oil costs.