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India Sees Record Hikes in Jet Fuel and Commercial LPG Prices Amid Iran War
BusinessReutersbloombergFT+38The GuardiantagesschaufazDWle-figaroSCMPNHK Worldtelex+30 more6d ago41 sources

India Sees Record Hikes in Jet Fuel and Commercial LPG Prices Amid Iran War

Prices for commercial LPG have increased by Rs 195.50, premium petrol by Rs 11 per litre to Rs 160, and jet fuel has crossed Rs 2 lakh per kilolitre, with these surges attributed to escalating global oil prices linked to the West Asia conflict. The US-Israel war with Iran is directly hitting India's aviation and hospitality sectors, causing record-breaking aviation fuel prices and more expensive commercial LPG cylinders.

BusinessReuters1mo ago

Petrobras CEO on Oil Volatility

The CEO of Petrobras states that the company does not pass sudden oil volatility directly to the local market, aiming to stabilize domestic prices.

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis
WorldAPReutersBBC+107bloombergNYTwsjFTThe GuardianNPRAl JazeeraCNN+99 more13d ago110 sources

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis

The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.