Global petrol prices news digest

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22-Sep-2020

USA: Low demand continues to pull national average lower

22-Sep-2020 by AAA News

The latest Energy Information Administration (EIA) report measures demand at 8.48 million b/d, which is a slight uptick from the previous week’s 8.39 million b/d. However, the small increase — likely due to holiday road trips — is still 461,000 b/d lower than last year at this time. more information

24-Aug-2020

Canada: Gasoline prices to rise across the country

24-Aug-2020 by BNN Bloomberg

Roger McKnight, chief petroleum analyst at En-Pro International, joins BNN for a closer look at why Canadian consumers can expect to pay more at the gas pumps in most cities. more information

28-Jul-2020

South Africa: Here’s what you can expect to pay for petrol in August

28-Jul-2020 by BusinessTech

South African motorists should expect another petrol price hike next week, with month-end data from the Central Energy Fund showing an under-recovery in the daily make up of the basic fuel price. more information

USA: Fuel prices decrease as demand remains low

28-Jul-2020 by CStore Decisions

As COVID-19 case numbers surpass 4 million, demand for gasoline is weakening across the country, reports AAA. The latest Energy Information Administration (EIA) demand reading measures at 8.5 million b/d, which is about 11% less than a year ago. more information

UAE: Fuel prices to remain unchanged in August

28-Jul-2020 by Gulf News

Fuel prices across the UAE will remain unchanged in the month of August. With this decision from the UAE Fuel Price Follow-up Committee, this will be the fourth consecutive month that fuel prices have remained stable in the country. more information

14-Jul-2020

Saudi Arabia: Saudis angered as petrol prices rise 34%

14-Jul-2020 by Middle East Monitor

Saudi social media users rejected state-owned oil company Aramco’s decision to increase petrol and other fuel prices by 34 per cent this month. more information

01-Jul-2020

Israel: Gasoline prices to rise 4.5% Tuesday night

01-Jul-2020 by Globes

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.23 to NIS 5.44 per liter on Tuesday night, July 1. more information

30-Jun-2020

USA: Gas prices rise, but could slow soon

30-Jun-2020 by FOX Business

The price at the pump for regular-grade gasoline increased by 6 cents over the past two weeks, as states continue reopening efforts. more information

China: The country increases retail prices of gasoil and gasoline

30-Jun-2020 by S&P Global Platts

China increased retail prices for gasoil and gasoline on June 29, the first change in prices since March 18, state planner National Development and Reform Commission said. more information

17-Jun-2020

India: In 11 days, fuel rates went up by ₹6 a litre

17-Jun-2020 by LiveMint

With the demand for fuel gradually returning to pre-Covid levels due to easing of lockdown restrictions, petrol and diesel prices were hiked for the 11th consecutive day today. more information

UK: Inflation rate at fresh four-year low as fuel prices slump

17-Jun-2020 by BBC News

A record fall in fuel prices, including petrol, pushed the UK's inflation rate down to 0.5% in May, the second full month of the coronavirus lockdown. more information

USA: Fuel demand increases steadily with pump prices

17-Jun-2020 by CStore Decisions

The national average is $2.10 — seven cents more on the week, 24 cents more on the month, but 59 cents cheaper on the year. more information

16-Jun-2020

South Africa: Brace yourselves, a monster increase is coming

16-Jun-2020 by The South African

More misery on the forecourt for the motorists of Mzansi. The official petrol price is set to skyrocket in July, as the demand for oil takes off once more. more information

15-Jun-2020

Croatia: Fuel prices go up – again

15-Jun-2020 by The Dubrovnik Times

Fuel prices in Croatia have risen again since midnight - yesterday it was announced that diesel fuel will go up by five, and petrol by six and a half kuna for a full 50-liter tank – Novi list reports. more information

India: Here's why petrol and diesel prices are increasing during Unlock 1.0

15-Jun-2020 by Times Drive

OMCs have been revising fuel prices daily since June 7 to regain the losses incurred during 82 days of the lockdown. In the last 10 days, petrol and diesel prices have increased by ₹5.47 and ₹5.8, respectively. more information

Taiwan: Fuel prices to rise for seventh straight week

15-Jun-2020 by Focus Taiwan

Taiwan's two major fuel suppliers announced price hikes Sunday for the seventh consecutive week, pushing domestic fuel prices to their highest levels in three months. more information

10-Jun-2020

Switzerland: Petrol prices to increase by up to 12 cents per litre

10-Jun-2020 by The Local

Swiss parliament will impose new levies on petrol prices, increasing the cost by up to 12 cents per litre. more information

09-Jun-2020

USA: Gas prices rise back over $2

09-Jun-2020 by Fox News

The national average price of gasoline hit $2.003 per gallon on Friday, according to AAA, after spending two months below the mark due to a combination of reduced driving and a production glut. more information

Australia: The end of $1 a litre?

09-Jun-2020 by The Bull

According to the Australian Institute of Petroleum, the national average price of unleaded petrol rose by 1.9 cents last week to 110.5 cents a litre. more information

Barbados: Lowest gas prices at the pump for the year 2020

09-Jun-2020 by Loop

Gasoline prices in Barbados are below BBD $3 (USD $1.50). From 12 am June 8 the retail prices of gasoline, diesel and kerosene decreased. more information

02-Jun-2020

Video: Venezuela increases petrol prices, ends fuel subsidy

02-Jun-2020 by AlJazeera

Oil-rich Venezuela has just introduced a new fuel pricing system that ends decades of highly subsidized petrol prices. The government is now selling gasoline imported from Iran. more information

28-May-2020

Venezuela: Maduro vows to raise gasoline price as Iranian tanker nears

28-May-2020 by Reuters

Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the South American nation’s exclusive economic zone. more information

27-May-2020

Brazil: Ethanol prices recover in May following gasoline price rise

27-May-2020 by S&P Global Platts

Hydrous ethanol price in Center-South Brazil started an upward price trend on May 13, mostly supported by the increases in the gasoline price ex-refinery and since then is moving up on a daily bases. more information

26-May-2020

USA: Pump prices continue to rise ahead of Memorial Day

26-May-2020 by AAA News

Since Monday, the national average for a gallon of regular gasoline has increased by a nickel to $1.92, which is six cents higher than a week ago, 12 cents more than a month ago, and 92 cents less than a year ago. more information

21-May-2020

Asia: Asian gasoline margins turn positive as demand rebounds

21-May-2020 by Argus Media

Asia-Pacific gasoline refining margins have turned positive for the first time in over two months, as the removal of some Covid-19 travel restrictions leads to an increase in regional driving activity. more information

13-May-2020

USA: Gasoline demand improves as states reopen and drivers hit the road, but it’s still down 30%

13-May-2020 by CNBC

Gasoline demand is improving and is now about 30% below normal across the U.S., but as expected, it is much stronger in some states that have reopened, analysts said. more information

11-May-2020

USA: Gas prices rise for 2nd week as demand returns

11-May-2020 by Houston Chronicle

Gasoline prices nationally climbed for the second-straight week as the lifting of stay-at-home orders across the country boosted demand, according to the fuel-tracking website GasBuddy. more information

06-May-2020

Panama: Gasoline prices get third increase

06-May-2020 by MenaFN

For the third consecutive period, the price of fuel at gas pumps across country will increase on Friday June 5 in Panama and Colon, according to the National Energy Secretariat. more information

29-Apr-2020

Israel: Gasoline prices to fall Thu night

29-Apr-2020 by Globes

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will fall by NIS 0.10 to NIS 4.79 per liter on Thursday night, May 1. more information

27-Apr-2020

Venezuela: Gasoline goes from world's cheapest to steepest

27-Apr-2020 by Reuters

Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world’s cheapest fuel. more information

24-Apr-2020

India: Why petrol prices remain flat despite global crude oil crash

24-Apr-2020 by Scroll

Global crude prices may have crashed to historic levels but Indians may not benefit directly from this. more information

23-Apr-2020

Australia: Negative oil futures. How low will petrol prices go?

23-Apr-2020 by Savings

Oil futures have gone into negative territory for the first time, but the effects at the petrol pump could be hard to see. more information

New Zealand: Why 'negative' oil prices won't mean cheaper petrol at the pump

23-Apr-2020 by Newshub

Despite oil price in the United States going "negative" today, Kiwis filling up their cars are unlikely to see cheaper fuel at the pump. more information

21-Apr-2020

Pump prices in Singapore remain unchanged despite plunge in oil prices

21-Apr-2020 by www.straitstimes.com

Fuel pump prices have not moved since late March, despite crude oil prices falling to below zero on Monday (April 20) before rebounding. Meanwhile, gas and electricity tariffs have not changed significantly from a year ago. more information

15-Apr-2020

Indonesia: Pertamina offers 50 percent fuel cashback for app-based 'ojek' drivers

15-Apr-2020 by The Jakarta Post

State-owned fuel distributor Pertamina rolled out on Tuesday a fuel discount scheme for app-based ojek (motorcycle taxi) drivers, who are the logistical lifeline for many self-isolating Indonesians. more information

13-Apr-2020

Philippines: Gasoline, diesel prices up

13-Apr-2020 by GMA

After five consecutive weeks of rollbacks, oil firms are set to implement a hike in pump prices of petroleum products this week. more information

USA: Gasoline prices are at multi-year lows, but no one is driving

13-Apr-2020 by CNBC

The national average for a gallon of gas — $1.883 as of Friday, according to the latest data from AAA — is the cheapest in more than four years. The coronavirus outbreak has sapped demand for both crude oil and gasoline, just as a price war between Saudi Arabia kicked off as each sought to gain market share in the global oil market. more information

08-Apr-2020

UK: Why is the petrol price nearing £1 a litre?

08-Apr-2020 by BBC News

The cost of petrol in the UK is approaching £1 a litre for the first time since 2016. Some filling stations around the country have even been reported offering petrol at less than £1. more information

03-Apr-2020

India: Petrol, diesel prices hiked in Mumbai, Bengaluru, Kolkata

03-Apr-2020 by LiveMint

Petrol and diesel prices were left unchanged for the 18th day today by state-run fuel retailers but in some cities like Mumbai, Bengaluru and Kolkata, the rates have been hiked by Re 1- ₹1.5 a litre from this month due to a hike in VAT by the state governments. more information

Cambodia: Big fall in petrol prices

03-Apr-2020 by Xinhua Net

Cambodia’s retail gasoline price has strongly declined for the first time because of the fall on the international market, the Khmer Times reported on Thursday. more information

31-Mar-2020

India: No rate cut for 13 days, crude oil slumps another 5%

31-Mar-2020 by LiveMint

Even as crude oil rates slumped another 5% to below $25 a barrel, petrol and diesel prices were left unchanged for the 13th day in a row today. Fuel rates are directly dependent on crude oil rates as India imports more than 80% of its crude oil requirements. more information

30-Mar-2020

South Africa: Record fuel price drop on April 1

30-Mar-2020 by Moneyweb

It may come as little relief right now with South Africa’s population of 59 million under a Covid-19 lockdown, but motorists will see a record drop in fuel prices on Wednesday. more information

27-Mar-2020

India: Petrol pumps open amid lockdown. Petrol, diesel prices unchanged for 10 days

27-Mar-2020 by LiveMint

As fuel falls under the essential services sector, petrol pumps have been asked to remain open across the country during the 21-day nationwide lockdown which began from yesterday. more information

UK: Petrol tumbles to 99.7p per litre because of lack of demand in coronavirus crisis

27-Mar-2020 by MyLondon

Fuel prices have fallen below £1 per litre for the first time in more than a decade. The price of standard unleaded petrol has tumbled with the garage in Birmingham's Kings Heath dropping the cost to 99.7p. more information

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