Global petrol prices news digest

Categories:
All
Crude oil
Fuel Prices
Retail market regulations
Fuel supply and demand
Traffic & Driving
Electricity prices

19-Feb-2019

Pakistan: NEPRA likely to increase power tariff by Rs1.93 per unit
19-Feb-2019 by profit.pakistantoday.com.pk
According to details, the Central Power Purchasing Agency (CPPA) has submitted an application with NEPRA, seeking Rs1.9382/kWh power tariff hike over the reference fuel charges, i-e. Rs5.7576/kWh, under the head monthly fuel price adjustment mechanism for power distributing companies (DISCOs). more information

18-Feb-2019

ADNOC Distribution reports $579.44mn in net profit in 2018
18-Feb-2019 by Arabian Industry
ADNOC Distribution reported that its 2018 net profit increased by 18% to $579.44mn, and EBITDA grew by 22% to $755.34mn. more information
Cyprus's first private power station to reduce electricity prices
18-Feb-2019 by www.ekathimerini.com
Currently the state run Electricity Authority of Cyprus holds a monopoly in the market, with a few producers generating electricity by means of photovoltaic parks. more information
Iran starts gasoline export
18-Feb-2019 by Financial Tribune
Daily gasoline production has exceeded 95 million liter, of which 76 million complies with Euro-4 and 5 emission standards more information
Vietnam: Petrol price stabilisation fund balance at US$73.8 million
18-Feb-2019 by Vietnam News
The balance of the petrol price stabilisation fund at Việt Nam National Petroleum Group (Petrolimex) was VNĐ1.72 trillion (US$73.8 million) as of Friday, the group said. more information

15-Feb-2019

India: Petrol price up more than Rs. 1.6/litre so far in 2019
15-Feb-2019 by NDTV Profit
Petrol and diesel prices were hiked marginally on Friday, the second consecutive day of upwards price revision. more information
Singapore: How do electricity retailers charge lower prices than SP Group? 5 questions answered
15-Feb-2019 by www.channelnewsasia.com
With the roll-out of the Open Electricity Market in November, consumers now have more choice and many have been paying less for their electricity. more information
Aramco, Total sign $1bn deal to build petrol stations in Saudi Arabia
15-Feb-2019 by Construction Week Online
Over the next six years, Saudi Aramco and French energy giant Total will invest $1bn (SAR3.75bn) to construct hundreds of petrol stations under a joint venture (JV) to maximise the kingdom’s hydrocarbon economy. more information
Electric vehicles now cheaper to own than petrol, diesel cars in Europe
15-Feb-2019 by Renew Economy
The total cost of ownership of electric vehicles in Europe is now cheaper than owning its petrol or diesel equivalent model, a new report says. more information
SA Petrol prices: Substantial increases on the way for March
15-Feb-2019 by The South African
The stars have aligned in the worst possible way for the motorists of Mzansi, who are facing a significant increase in diesel and petrol prices next month. more information

14-Feb-2019

Kenya: Relief as price of diesel drops to 13-month low
14-Feb-2019 by Daily Nation
In Thursday’s price review, a litre of diesel in Nairobi will now retail at a maximum Sh95.96, following a Sh6.28 cut. more information
Normalising electric cars
14-Feb-2019 by Auto Express
Electric cars are creating a real buzz, because their cutting-edge technology can change your motoring life. more information
Germany: Electricity prices could rise by 20 percent due to coal withdrawal
14-Feb-2019 by www.thelocal.de
For a three-person household with an annual consumption of typically 4000 kilowatt hours, this would mean €40 in additional costs per year. more information

13-Feb-2019

2019 US Consumer Sentiment on Gasoline Study
13-Feb-2019 by GasBuddy
Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. more information
Danish parties want to increase price of petrol and diesel
13-Feb-2019 by CPH Post
According to the Global Fuel Price Index from last year, Denmark is among the most expensive countries to fill up your car with petrol. more information
Electric cars are cheaper to own and run than petrol and diesel reveals shock new report
13-Feb-2019 by Express
ELECTRIC cars are cheaper to own and run compared to petrol and diesel cars over a four year period in the UK reveals a new report. more information
Mexican president calls for steps to keep power prices low
13-Feb-2019 by Reuters
Over the past couple decades, Mexico has transitioned to natural gas to generate most of its power, relying increasingly on imports via pipeline from the United States. more information

12-Feb-2019

The biggest threat to oil market stability
12-Feb-2019 by OilPrice.com
The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report from Standard Chartered. more information
UK: E.On hikes bills for millions of customers days after energy price cap is raised
12-Feb-2019 by Independent
E.On is the first energy supplier to announce bills will rise after the energy price cap was hiked by regulator Ofgem last week. more information
Oil up 1 percent on Saudi and OPEC cuts but outlook picture clouded
12-Feb-2019 by Reuters
Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks. more information
The latest gasoline prices around the world
12-Feb-2019 by Love Money
Political unrest in Venezuela, a weakening Chinese economy and an unexpected increase in US output have resulted in falling crude oil prices, and this drop has translated to lower petrol prices at the pumps in many countries. more information

11-Feb-2019

At least seven killed in petrol explosion in Nigeria
11-Feb-2019 by Yeni Safak
At least seven persons are confirmed dead in a petrol explosion in Nigeria’s southeast, according to police. more information
Indonesia Pertamina lowers prices after pricing rules change
11-Feb-2019 by Reuters
Indonesia state energy firm PT Pertamina, starting Feb 10, lowered prices of its fuel by up to 800 rupiah per litre, the company said after the government changed fuel pricing formulation rules. more information
Chemical conversion process gives plastic waste new life as fuel
11-Feb-2019 by New Atlas
Chemical engineer Linda Wang led a research team at Purdue University in coming up with a new way to convert a common plastic into oil, opening up some exciting possibilities. more information
Buying petrol from the cartel in Mexico's deadliest city
11-Feb-2019 by NZ Herald
When the fuel gauge is low in a town where the murder rate is rising, Cassie Lane recalls what was supposed to be the Mexican roadtrip of a lifetime. more information
Venezuela runs short on power and fuel
11-Feb-2019 by WBUR News
Oil-rich Venezuela could run out of gasoline in just a couple of weeks, as U.S. sanctions bite and their refinery capacity shrinks. If that happens, this would paralyze the already crippled economy. more information
Egypt: Electricity Ministry sets vision of new electricity prices
11-Feb-2019 by www.egypttoday.com
The Ministry of electricity and Renewable Energy, and the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) started to set visions to restructure the prices of electricity bills according to the plan to cut subsidies gradually until 2022 in July of each year. more information

08-Feb-2019

U.S. oil, gasoline inventories up in latest week
08-Feb-2019 by Reuters
U.S. crude stocks rose less than expected last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. more information
Europe's diesel drivers beware: Heftier tax is on the way
08-Feb-2019 by Bloomberg
Here’s another reason not to buy a diesel-powered car, and why consumption of the fuel could ebb in one of the world’s biggest demand centers: tax. more information
Trump administration must rethink energy security after Venezuela crisis
08-Feb-2019 by Forbes
If there is a lesson for the Trump administration to learn from the current political crisis in Venezuela, it is that record-setting domestic oil production doesn't guarantee America’s energy security. more information

07-Feb-2019

Kazakhstan ranks first in gasoline cheapness among 33 countries
07-Feb-2019 by Azernews
In absolute prices, the lowest cost is noted in Kazakhstan. The liter of the 95th gasoline makes 181 tenges ($0.47). In the second place is Russia with 263.7 tenges ($0.69) per liter. Belarus ranked third - 274.8 tenges ($0.72). The price in Ukraine is 421 tenges ($1.10). more information
Venezuela's PDVSA begins partial rationing of gasoline
07-Feb-2019 by S&P Global Platts
PDVSA began a partial rationing of gasoline at gas stations in certain areas of Venezuela Sunday, as many gas stations in Caracas ran out of fuel as customers nervously filled up their tanks in anticipation of shortages, sources said Monday. more information
Romania: ANRE decides that electricity costs for final customers will not increase in the next 3 yea
07-Feb-2019 by business-review.eu
This decision was taken after another that requires energy producers to sell to households at regulated prices so that the profit does not exceed 5 percent. more information
USA: How much gas tax adds to cost of filling up your car in every state
07-Feb-2019 by USA Today
Not including the cost of crude oil, taxes are the single largest factor in determining how much Americans pay at the pump. Combined, federal and state taxes add more to the price of a gallon of gas than refining costs, retail markup and transportation expenses. more information

06-Feb-2019

Spain: The price of electricity in January is 25% more expensive than a year ago (in Spanish)
06-Feb-2019 by www.europapress.es
Prices in the wholesale market (OMIE) have been maintained at average values ​​of 62 euros per MW, which also closed the month of December. This supposes a strong rise (+ 24,8%) if they compare with the 50 euros per MW of a year ago. more information
Japan's tight oil product supply, demand balance keeps it vulnerable to imports
06-Feb-2019 by S&P Global Platts
Japan remained a net oil product importer for the second year in a row in 2018 and is likely to remain an active product importer in 2019 as any unexpected refinery issues threaten to further squeeze domestic supplies, making the tight supply-demand balance even more fragile. more information
Will Trump's Venezuela sanctions hit U.S. gasoline supply?
06-Feb-2019 by Forbes
When the Trump administration announced sanctions on the Venezuelan oil industry last week, it set in motion a situation that could lead to higher gas prices for Americans. more information
Russia says its gasoline prices are Europe’s cheapest
06-Feb-2019 by OilPrice.com
Gasoline prices in Russia are the cheapest in Europe, a report by state news agency RIA Novosti showed on Monday. more information

05-Feb-2019

More stringent marine sulfur limits mean changes for U.S. refiners and ocean vessels
05-Feb-2019 by EIA
The implementation of new regulations affecting marine fuel specifications will have implications for crude oil and petroleum product markets over the coming decade. more information
Oil prices drop after touching 2019 high
05-Feb-2019 by OilPrice.com
Oil prices turned sharply down on Monday, after having reached 2019 highs earlier in the day, as concerns about the global economy resurfaced and a firmer U.S. dollar reduced investors’ interest in buying the commodity priced in the U.S. currency. more information
The curious case of Norway’s 60 million barrels of missing oil
05-Feb-2019 by Bloomberg
SHARE THIS ARTICLE Share Tweet Post Email In this article CL1 WTI Crude 54.84USD/bbl.+0.28+0.51% EQNR EQUINOR ASA 194.75NOK+1.35+0.70% 0667644D RYSTAD ENERGY AS Private Company Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises. more information
Uganda: Electricity tariffs drop
05-Feb-2019 by www.independent.co.ug
The domestic consumer tariff has been reduced by Shs 0.5 from Shs 769.5 shillings of the 2018 fourth quarters to Shs 769 of the first quarter of 2019. more information
Will Trump's Venezuela sanctions hit U.S. gasoline supply?
05-Feb-2019 by Forbes
When the Trump administration announced sanctions on the Venezuelan oil industry last week, it set in motion a situation that could lead to higher gas prices for Americans. more information

04-Feb-2019

Zimbabwe’s president skips 1st rally since deadly unrest
04-Feb-2019 by AP News
Zimbabwe’s president has skipped his first political rally since last month’s deadly military crackdown on protests so he could explain the unrest to fellow African leaders, a spokesman said Saturday. more information
South Africa: Strong opposition voiced to proposed electricity tariff hike
04-Feb-2019 by www.businesslive.co.za
Wide range of interested parties tells Nersa hearings increases will punish law-abiding citizens, cripple the poor and working class, and sound the death knell for mining. more information
Acute fuel shortages rock Zimbabwe again
04-Feb-2019 by Bulawayo 24
Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas. more information
Zambia, Angola sign agreement on oil and gas
04-Feb-2019 by The Southern Times
Zambia and Angola will soon set up a team of experts to strategize the implementation of the US$5 billion oil project to pave the way for the construction of a pipeline to traverse the two countries. more information
Oil price fundamental weekly forecast
04-Feb-2019 by Yahoo Finance
The fact that the market closed higher last week despite negative factory activity news from China is another sign that sentiment has shifted to the upside. more information

01-Feb-2019

Oil nearly flat in pause after previous session's gains
01-Feb-2019 by UPI
Crude oil prices were near flat early Thursday in what was seen as a pause following gains in the two previous sessions, as traders weighed ongoing geopolitical developments. more information
EU launches mechanism to bypass US sanctions on Iran
01-Feb-2019 by Aljazeera
The European Union has announced the setting up of a payment mechanism to secure trade with Iran and skirt US sanctions after Washington pulled out of the landmark nuclear deal last May. more information
Middle Eastern oil prices surge as flow of heavy crude tightens
01-Feb-2019 by Bloomberg
Oil prices in the Middle East are surging relative to global benchmark Brent crude, as supply of medium-to-heavy grades continue to dwindle from the world’s top producing regions across the world. more information
Why are the Chinese buying fewer cars?
01-Feb-2019 by BBC News
Nationally, 2018 was a very hard year for the car industry in China, the world's biggest car market. more information

31-Jan-2019

U.S. sanctions send Venezuelans scrambling to fill gas tanks
31-Jan-2019 by Reuters
s oil companies and traders worldwide tried to decipher the impact of U.S. sanctions slapped on Venezuelan state oil company PDVSA earlier this week, residents of the South American country had a familiar response: Get in line. more information
The major risk that oil markets are underestimating
31-Jan-2019 by OilPrice.com
The U.S. campaign for regime change in Venezuela could drive up oil prices. more information
Chevron to buy Pasadena refinery from Petrobras for $350 mln
31-Jan-2019 by ET Auto
Chevron will take ownership of a 466-acre (188.5 hectares) complex that includes storage tanks with capacity for 5.1 million barrels of crude oil and refined products more information
U.S. sanctions put pressure on Rosneft’s Venezuelan investment
31-Jan-2019 by World Oil
As U.S. sanctions against Venezuela’s state oil company ripple through the market, there’s one company with more at stake than most: its Russian counterpart, Rosneft. more information
Japan's oil product imports exceed exports again in 2018
31-Jan-2019 by S&P Global
Japan was a net oil product importer in 2018 for the second consecutive year, with imports of gasoline and gasoil both more than doubling, preliminary data released Thursday by the Ministry of Economy, Trade and Industry showed. more information

30-Jan-2019

The oil and gas situation: 7 key things to know about oil and gasoline
30-Jan-2019 by Forbes
Answers to seven basic questions about our current situation with crude oil and its major by-product, gasoline. more information
Mexico's fuel thieves undeterred by deadly blast
30-Jan-2019 by ENCA
Days after a fireball erupted near the Mexican town of Tlahuelilpan, killing at least 117 people pilfering gasoline from a pipeline, the area's fuel bandits were back in business. more information

29-Jan-2019

Trump slaps de-facto oil ban on Venezuela
29-Jan-2019 by Bloomberg
The Trump administration dealt its toughest blow yet to the authoritarian Venezuelan leader Nicolas Maduro, issuing new sanctions on the nation’s state-owned oil company PDVSA that effectively block his regime from exporting crude to the U.S. more information
US crude falls 3.2% as weak industrial earnings stoke demand fears
29-Jan-2019 by CNBC
Oil prices tumbled on Monday as weak industrial earnings in both China and the United States raised fresh concerns about a global slowdown that could cut fuel demand. more information
Oil prices to remain range-bound between $55-65 per barrel
29-Jan-2019 by Money Control
"The crude price to remain range bound at USD 55-65 per barrel, driven by a rise in supply from the US, which would be offset, to some extent, by the recent production cut announced by the Organisation of the Petroleum Exporting Countries (OPEC), the continued debt crisis in Venezuela and the limited clarity on the sanctions imposed on Iran," the ratings agency India Ratings said on Monday. more information
USA: Do oil prices really predict gasoline prices?
29-Jan-2019 by The Street
With the commencement of a new round of OPEC + Russia crude oil production cuts on Jan. 1, many people are worried about a sudden and crippling rise in the price of gasoline at the pump. more information

28-Jan-2019

Desperation erodes fear as Zimbabwe protesters brave crackdown
28-Jan-2019 by Bloomberg
In four decades of independence, Zimbabwe’s rulers have been able to deploy the security forces to crush protests even as the southern African nation sank deeper into economic crisis. Judging from the latest bout of unrest, that may no longer be true. more information
Demand for automotive battery to witness rapid surge by 2020
28-Jan-2019 by Honest Version
Automotive batteries are rechargeable batteries that supplies electric energy to automobiles, most essentially for automotive SLI (starting, lighting and ignition) system. Automotive batteries also provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs. more information
Optimism rising as fuel prices dip in North Korea
28-Jan-2019 by Daily NK
The general fall in oil prices worldwide has led to lower prices at the pump in South Korea’s gas stations for the 11th week, hitting a 34-month low (KRW 1,348 per liter). Across the border, North Koreans are also benefiting from the dip, seeing reductions in both gasoline and diesel prices. more information
Canada: Electricity rate increase possible this year
28-Jan-2019 by www.thewesternstar.com
Newfoundland Power says it’s not contributing to 2019 electricity rate increases, so eyes turn to N.L. Hydro application. more information

25-Jan-2019

Death toll in Mexican pipeline fire rises to 109
25-Jan-2019 by ABC News
The death toll in a massive fire at an illegally tapped pipeline in Mexico has risen to 109 after ten more injured people died at hospitals more information
Automakers may have completely overestimated how many people want electric cars
25-Jan-2019 by Quartz
Tesla was right. The electric-car maker proved that hundreds of thousands of people will buy sleek, luxury electric cars over models from BMW to Mercedes. more information
Tax break turns into a levy for Russia’s biggest oil companies
25-Jan-2019 by Bloomberg L
Weak gasoline prices in Europe have turned tax calculations upside down for Russian oil companies more information

24-Jan-2019

Inside the deadly business of stealing fuel in Mexico
24-Jan-2019 by Bloomberg
Andres Manuel Lopez Obrador was elected last year on a pledge to clean up Mexico’s corrupted institutions. He’s started out by targeting its most important company, Petroleos Mexicanos, which loses an estimated $3.5 billion a year to the thieves. more information
Pakistan: NEPRA approves Rs0.57 per unit hike in electricity prices
24-Jan-2019 by arynews.tv
The increase was approved on account of the fuel adjustment charges for December 2018, said the officials. According to the reports the surge in power price will put a burden of Rs4.2bn on consumers. more information
As Tlahuelilpan buries its dead, a debate rages about the cause of the tragedy
24-Jan-2019 by Mexico News Daily
Was it criminality or desperation that drove the victims of the tragic explosion of a pipeline? more information
China's Dec gasoline, gasoil exports rise to multi-month highs
24-Jan-2019 by S&P Global Platts
China's gasoline and gasoil exports climbed to multi-month highs in December amid oil companies' rush to use up product-export quotas by the year end. more information

23-Jan-2019

Everything you need to know about Canada's new carbon tax
23-Jan-2019 by The Province
Some things are about to get more expensive, such as gasoline and home heating fuel. But the government wants to make up for that with rebates more information
Spain: The price of electricity shoots up 35% in mid-January (in Spanish)
23-Jan-2019 by www.larazon.es
The wholesale price of electricity has a weight close to 35% on the final receipt, while around 40% corresponds to tolls and about the remaining 25%, VAT and Electricity Tax. more information
Sweden will ban sale of gasoline & diesel cars after 2030
23-Jan-2019 by Clean Technica
Swedish prime minister Stefan Löfven has announced that the sale of cars with gasoline or diesel engines will be banned in his country after 2030. more information

22-Jan-2019

Mexicans battling fuel shortage afraid to 'end up like Venezuela'
22-Jan-2019 by DW
The new Mexican government is battling the mafia's massive theft of gasoline. But the consequences are a lack of fuel, growing unrest among the population — and a deadly blaze that resulted from desperate siphoning. more information
As Haitians go without fuel, 312,000 barrels sit off the coast awaiting payment
22-Jan-2019 by Miami Herald
Haitians continued to search for gas Saturday as the Houston-based fuel reseller defended its decision to put five cargo ships filled with gasoline and diesel on “financial hold” in waters off Port-au-Prince. more information
Reality Check: Why has Zimbabwe hiked petrol prices?
22-Jan-2019 by BBC
There have been widespread protests in Zimbabwe's largest cities following an increase in the price of fuel. Prices have more than doubled, making petrol and diesel the most expensive in the world. more information
Prices for using Tesla Supercharging just skyrocketed
22-Jan-2019 by Digital Trends
Charging your Tesla for free at a Supercharger station is coming to an end, as all new Tesla vehicles purchased since November last year are part of the company’s pay-per-use Supercharger program. more information
Germany to shield consumers from rising electricity prices: draft paper
22-Jan-2019 by Reuters
According to the draft, fees for the use of electricity grids should be reduced for both industry and private consumers and operators of coal-fired power stations should receive compensation for early closure. more information

21-Jan-2019

Mexico gasoline pipeline leak detected hours before fatal blast
21-Jan-2019 by Reuters
Mexico’s state oil firm, Pemex, did not close the valve at a leaking gasoline pipeline when first notified because it was not initially thought to be an “important” leak, Mexico’s security minister said on Sunday. more information
Reason Australian households are paying an extra $200 a year for electricity
21-Jan-2019 by www.news.com.au
the report "The Costs of Market Experiments" looks at electricity prices from before companies were privatised in the 1990s and found prices for electricity had soared faster than almost any other major consumer item. more information
Crude oil price rise signals a return to balanced market
21-Jan-2019 by Arab News
Even if the OPEC+ output cut of 1.2 million barrels per day (bpd) is yet to be reflected in the market, this signals an upcoming tight market amid strong supply-demand fundamentals and a well-balanced market for the first half of 2019. more information
At least 79 people killed, dozens injured in Mexico gasoline pipeline explosion
21-Jan-2019 by CNN
At least 79 people were killed in central Mexico after a ruptured gasoline pipeline exploded Friday evening, officials said Sunday. Another 66 people were injured, Mexico's Secretary of Health Jorge Alcocer said. more information
Unity & understanding
21-Jan-2019 by OPEC
It was the painter Vincent Van Gogh who once said that “great things are done by a series of small things brought together.” This is evidently an apt statement for the first week of December 2018 that culminated in the unanimous decisions taken at the 175th Meeting of the OPEC Conference and the 5th Meeting of the OPEC and non-OPEC Ministerial Conference. more information
RECEIVE FREE UPDATES
Every week you will receive an e-mail with the latest global petrol prices (we do not spam).

sign up
This site uses cookies.
Learn more here


OK