Gasoline Prices

As Iran votes for new President, rise in gasoline prices may spark protests

As Iran's runoff presidential election nears, comments by an official in the campaign of reformist Masoud Pezeshkian raised the possibility of his government increasing government-set gasoline prices a move that has sparked nationwide protests in the past. While still tentative, economists long have warned Iran needs to overhaul its system of subsidies, estimated to cost the Islamic Republic tens of billions of dollars a year. In 2019, a similar hike triggered mass demonstrations and a bloody crackdown that grew even more intense after the 2022 protests over the death of Mahsa Amini. On Saturday, Pezeshkian campaign head Ali Abdolalizadeh told journalists that his possible presidency would see price hikes for fuel and other items handled without any outcry. Don't worry, petrol at any ... price, you will see that it would be allowed with calmness and cooperation by the people, Abdolalizadeh said. Hard-liners immediately accused Pezeshkian of planning to increase fuel prices by a ..

Russia reduces railway exports of gasoline by 26.5% in April so far

Russia banned gasoline exports for six months from March 1 except to a Moscow-led economic union and some countries, with which it has direct inter-government agreements on fuel supplies

Russia announces six-month ban on gasoline exports from March 1

This time, the ban will not extend to member states of the Eurasian Economic Union, Mongolia, Uzbekistan and two Russian-backed breakaway regions of Georgia - South Ossetia and Abkhazia

A 445% price jump makes tomatoes more pricey than gasoline in India

Heavy rains in some growing areas and hotter-than normal temperatures last month hit output of the crop, causing a fivefold increase in prices this year

Analysts expect fuel prices to go up if global prices rise further

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday

Global gasoline cracks collapse, blow to refiners' profits: Report

Refiners will be forced to cut gasoline output to safeguard themselves against losses and switch to producing more profitable fuels, traders say

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

EU states using strategies to confront price hike at gasoline pump: Report

As the crisis in Ukraine sends global fuel prices spiraling higher, governments in EU member states are scrambling for ways to reduce the economic impact their citizens are feeling

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

US gasoline average price tops $5 per gallon in historic first, shows data

AAA data showed that the US gasoline prices crossed $5 per gallon for the first time in history, sending mixed reactions across the globe

At $5 a gallon, nationwide average of gas prices hit record high in US

The nationwide average price for a gallon of gasoline has topped $5 for the first time ever

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

US gasoline stocks fell despite sky-high pump prices. Analysts had expected gasoline stocks to rise 1.1 million barrel but this was not the case

Oil jumps to 13-week high on rising US gasoline demand, supply concerns

NEW YORK (Reuters) -Oil prices rose about 2% to a 13-week high on Wednesday as U.S. demand for gasoline has kept rising despite record pump prices, on expectations China's oil demand will rise and on supply concerns in several countries.

US pump prices at record high as OPEC+ producers gather for meeting

The OPEC oil cartel and allied countries including major exporter Russia are weighing how much oil to produce as U.S. gasoline prices hit another record high. Thursday's meeting comes amid speculation that the 23-member alliance, known as OPEC+, may consider breaking from its cautious series of increases and agree to pump more oil starting in July amid fears that high energy prices could slow the global economy. Higher oil and gas prices have contributed to the inflation that is plaguing the U.S. and Europe and sapping consumer purchasing power. The group has been adding a steady 432,000 barrels per day each month, under a road map to gradually restore production cuts made during the depths of the pandemic recession in 2020. OPEC, whose de facto leader is Saudi Arabia, has thus far taken the stance that it can't supply more oil to make up for production lost due to sanctions against Russia. That, along with a European Union agreement to end most oil imports from Russia over its ...

India's gasoil, gasoline sales top pre-Covid level on price hike fears

India's gasoline and gasoil sales rose above pre-Covid levels of 2019 in the first half of March, preliminary data released on Wednesday showed

Rise in demand, Ukraine crisis: Why fuel prices have soared to record highs

Canadians are returning to office after 2 years of pandemic restrictions, and are being confronted by record-high gasoline prices at the pumps, leaving them wondering: Why is gasoline so expensive?

High gas costs from Ukraine threat pose Joe Biden political risk

With the continuing threat of Russia invading Ukraine, a foreign policy crisis is colliding with one of President Joe Biden's political vulnerabilities: Rising gasoline prices at home

Explainer - What is happening with United States gasoline prices?

The White House on Tuesday announced plans to release millions of barrels of oil from strategic reserves

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

India state refiners to buy more light crude to boost gasoline output

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.