Fuel Prices
PM to decide on fuel price caps after review
Ti AI ṣe iroyin Àwòrán tí AI ṣe
Prime Minister Kim Min-seok said Wednesday the government will decide whether to extend fuel price caps after a careful review, as the temporary measure expires this week. Introduced in mid-March to counter supply disruptions from the Middle East conflict, the system has shown positive effects despite mixed opinions. Kim made the remarks at a meeting on the crisis's economic impact.
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.
Ti AI ṣe iroyin
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.
Ti AI ṣe iroyin
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.
Ti AI ṣe iroyin
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.
Budget carriers cut flights as fuel prices surge
May 01, 2026 21:37Domestic aviation fuel prices unchanged, commercial LPG hiked
May 01, 2026 21:19Air India prepares further flight cuts for June and July
April 27, 2026 11:01Diesel, kerosene prices drop; gasoline rises on April 28
April 26, 2026 04:20Fuel prices expected to decline slightly this week
April 03, 2026 07:57Fuel prices stay high in Metro Manila despite Hormuz safe passage assurances
April 01, 2026 23:20IndiGo announces revised fuel surcharges after ATF price hike
March 23, 2026 18:29Transport groups set two-day strike this week
March 23, 2026 07:22Cebu Pacific trims routes amid rising fuel costs
March 21, 2026 21:01Senate panel sets hearing on Middle East crisis