Fuel Prices
South Korea plans to lower fuel price cap and freeze utility rates
Reported by AI Image generated by AI
South Korea will lower the cap on fuel prices to reflect the recent decline in global crude oil prices while freezing electricity and gas rates in the second half, Finance Minister Koo Yun-cheol said on Friday.
South Africans may experience substantial fuel price cuts from midnight next Tuesday. The changes are linked to a memorandum of understanding between the US and Iran. Petrol prices could fall by more than R3 a litre.
Reported by AI
At the Lamberet Long-Distance Bus Station near Asmara Road, soaring fares caused by uncoordinated rules and an imported fuel shock are stranding families and forcing students to ration trips home.
Nairobi Governor Johnson Sakaja said the government aims to reach an agreement with public transport operators by Friday to address protests over high fuel prices. Talks follow a one-week suspension of strikes by matatu operators and other transporters.
Reported by AI
Gasoline prices stayed largely unchanged this week, remaining at their highest levels in nearly four years. The national average for regular fuel reached $4.49 per gallon as of May 18.
Members of the CPI(M) and CPI held protests in Visakhapatnam on Friday against the central government's recent fuel price hike, demanding an immediate rollback.
Reported by AI
India's retail inflation for April rose to a 13-month high of 3.48 percent, while wholesale inflation more than doubled to 8.3 percent. The increases are driven mainly by higher fuel and food costs amid the ongoing conflict in the Middle East.
DOE: Fuel prices may take up to 12 months to return to pre-crisis levels
June 14, 2026 14:40MAK demands audit of fuel pricing formula after EPRA review
June 10, 2026 19:34CS Wandayi assures fuel stock stability ahead of June-July EPRA price review
June 07, 2026 23:06Some Kenyan petrol stations sell fuel below EPRA maximum prices
June 05, 2026 07:32Wandayi confirms diesel price cut following Ruto directive
May 19, 2026 12:44Matatu operators suspend strike for one week
May 18, 2026 10:53Murkomen blames politicians for fuel protest violence and deaths
May 16, 2026 16:12Ndindi Nyoro demands emergency recall of MPs to debate slashing fuel prices
May 16, 2026 06:21Ruto and Mbadi plan talks to cut fuel prices
May 15, 2026 21:49Government spends Ksh 11.5 billion to stabilize fuel prices despite low kerosene demand