Fuel Prices

Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.

11. maj 2026 Rapporteret af AI

Ride-hailing drivers in Kenya have threatened a nationwide strike today over rising fuel costs and low fares set by app companies.

President Ferdinand Marcos Jr. has approved a service contracting program for public utility vehicles, a P10-per-liter fuel subsidy starting April 15, and the release of P8 billion in assistance for over 42,000 barangays nationwide to cushion impacts from the Middle East crisis such as higher fuel prices, a weaker peso, and threats to livelihoods, Malacañang said Thursday. PUV drivers will receive additional income of P40 to P100 per kilometer, while commuters get at least 20% fare discounts on routes linked to trains and major bus lines.

8. april 2026 Rapporteret af AI

A Hong Kong car owner lost HK$500,000 in a scam involving bogus prepaid petrol cards, as fraudsters exploited surging fuel prices with fake discount offers. Police said the victim did not suspect foul play due to prior experience with legitimate discount cards from other fuel firms.

Following government subsidy announcements, transport group Piston has initiated a nationwide strike starting Thursday, demanding tax suspensions on fuel, price rollbacks, and a P5 fare hike, as drivers face massive income losses from soaring oil prices.

8. marts 2026 Rapporteret af AI

The Department of Energy stated that March 9 is the final day for capped fuel prices, with adjustments taking effect on March 10. Several gas stations reported supply shortages from the rush of customers. This occurs amid global oil price hikes due to escalating Middle East conflicts.