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Canada Plans to Extend Federal Gas Tax Holiday Through 2027
Businesscbcglobe-and-mail10h ago2 sources

Canada Plans to Extend Federal Gas Tax Holiday Through 2027

The Canadian government intends to prolong its temporary excise tax relief on gasoline and diesel fuels until 2027, according to sources familiar with the decision. The extension aims to mitigate rising consumer costs ahead of anticipated retaliatory trade tariffs.

XCF Global Begins Commercial Deliveries of Renewable Diesel
Businessseeking-alphainvesting-com1d ago2 sources

XCF Global Begins Commercial Deliveries of Renewable Diesel

XCF Global has commenced commercial deliveries of renewable diesel following the production of 886,400 gallons at its facility. The milestone marks the company’s transition from pilot production to full-scale commercial operations.

US and Iran Tensions Escalate After Attacks Spark Market Volatility
PoliticsAPReutersbloomberg+87NYTwsjFTThe GuardianNPRAl JazeeraCNNFox News+79 more2d ago90 sources

US and Iran Tensions Escalate After Attacks Spark Market Volatility

Following renewed Iranian attacks on US forces, President Trump vowed a strong military response while warning that Iran is effectively a failed state. The escalation triggered a sharp rise in crude oil prices and a decline in global equity markets.

Goldman Sachs Forecasts Diesel Refining Margins to Reach $63 Per Barrel
FinancebloombergYahoo2d ago2 sources

Goldman Sachs Forecasts Diesel Refining Margins to Reach $63 Per Barrel

Goldman Sachs analysts project that diesel refining margins will surge to $63 per barrel as ongoing geopolitical conflicts restrict global fuel supplies. The investment bank has issued warnings to investors regarding tightening market conditions and potential price volatility.

Iran and Qatar Hold Diplomatic Talks Over Strategic Strait of Hormuz Transit
WorldbloombergNYTle-monde+17globe-and-mailFrance 24digi24index-hrobservadoraktuality-skhindustan-timesirish-independent+9 more6d ago20 sources

Iran and Qatar Hold Diplomatic Talks Over Strategic Strait of Hormuz Transit

Iranian and Qatari diplomats have convened in Tehran to discuss securing oil transit through the strategically vital Strait of Hormuz. The negotiations aim to stabilize regional energy flows as U.S. sanctions continue to pressure Iranian exports and global markets monitor supply risks.

Govt set to extend fuel duty cut
PoliticsANSA8d ago

Govt set to extend fuel duty cut

(ANSA) - ROME, AUG 25 - The government is set to extend a fuel duty cut when it expires Wednesday, government sources said Tuesday. Currently a 17-cent reduction on diesel fuel is in force to hep…

Trump Pressures US Refiners to Lower Fuel Prices Ahead of Midterms
PoliticsbloombergNPRSCMP+2ndtvseeking-alpha14h ago5 sources

Trump Pressures US Refiners to Lower Fuel Prices Ahead of Midterms

The Trump administration is intensifying pressure on struggling US oil refiners to reduce gasoline and diesel prices as fuel costs reach multi-year highs. Officials aim to ease consumer financial strain before the upcoming midterm elections.

On Tuesday, all fuel prices increased
Business1d ago

On Tuesday, all fuel prices increased

Average prices for gasoline, diesel, and liquefied petroleum gas (LPG) increased on Tuesday morning by 2.93%, 2.37%, and 1.45% respectively, according to the Lithuanian Energy Agency (LEA).

Multiple Nations Adjust Retail Fuel Prices Amid Mixed Market Trends
Financedelo24urDawn+1myjoyonline2d ago4 sources

Multiple Nations Adjust Retail Fuel Prices Amid Mixed Market Trends

National authorities in Pakistan, Ghana, Slovenia, and other regions have enacted recent fuel price revisions, generally increasing gasoline costs while cutting diesel rates. These coordinated adjustments reflect regional efforts to balance inflationary pressures with consumer affordability amid fluctuating global energy markets.

Greece Extends Diesel Fuel Subsidy Through September
Politicsiefimeridanaftemporikinewsbeast+1protothema-en2d ago4 sources

Greece Extends Diesel Fuel Subsidy Through September

The Greek government has approved a continuation of the €0.10 per liter diesel subsidy for the month of September. The measure aims to alleviate transportation costs for businesses and households amid ongoing economic pressures.

Several Nations Adjust Petrol and Diesel Prices for September
BusinessvgTimes of Indiameta-mk+6gulf-newsnational-uaekhaleej-timesdhaka-tribunemyjoyonlinegdn-online2d ago9 sources

Several Nations Adjust Petrol and Diesel Prices for September

Governments across the Middle East, South Asia, and Europe have announced scheduled monthly adjustments to retail fuel prices for September. The updates reflect fluctuating global oil markets and regional taxation policies.

Serbia Raises Diesel and Gasoline Prices Again
Businessn1-serbiadanas5d ago2 sources

Serbia Raises Diesel and Gasoline Prices Again

Fuel retailers in Serbia have implemented another price increase for both diesel and gasoline, citing rising wholesale costs. The adjustment adds to consumer expenses and reignites debates over energy affordability in the region.

Serbian Brokers Warn of Market Anxiety Over NIS License Expiry
Businessn1-serbiadanas6d ago2 sources

Serbian Brokers Warn of Market Anxiety Over NIS License Expiry

Market analysts are raising concerns over the impending expiration of NIS’s operating license, noting significant investor nervousness. Brokers also highlighted a pricing anomaly where falling crude oil costs are not translating into lower diesel prices for consumers.

CIA Director Meets Russian Intelligence Chiefs in Moscow
WorldAPReutersBBC+83bloombergNYTle-mondeAl Jazeeranzzyle-uutisetnosruv+75 more7d ago86 sources

CIA Director Meets Russian Intelligence Chiefs in Moscow

U.S. CIA Director John Ratcliffe traveled to Moscow to hold discussions with Russian intelligence officials, marking a notable diplomatic engagement amid the ongoing war in Ukraine. President Trump indicated the meeting could yield positive outcomes, while the Kremlin confirmed the talks did not involve Vladimir Putin.

Russia Extends Diesel Export Ban Through September
BusinessReutersbloombergnaftemporiki+1vijesti-me8d ago4 sources

Russia Extends Diesel Export Ban Through September

Russia is set to extend its ban on diesel exports through September, according to sources. This decision comes amid ongoing fuel shortages in the country and recent attacks in Ukraine.

Diesel Prices Surge Across Multiple European Markets
Businessdigi24luxemburger-wortvijesti-me4h ago3 sources

Diesel Prices Surge Across Multiple European Markets

Retail diesel prices have climbed sharply in several European countries, breaking past key psychological thresholds in Montenegro, Romania, and Luxembourg. The sudden increase reflects broader regional fluctuations in energy costs.

Global Energy Prices Surge Amid Supply Chain Strains and Conflict
Businessbloomberg24urazernews6h ago3 sources

Global Energy Prices Surge Amid Supply Chain Strains and Conflict

European natural gas prices have climbed to their highest levels since 2023, while US diesel costs have spiked to peaks not seen since April. Market analysts attribute the rapid escalation to tightening global supplies exacerbated by ongoing geopolitical conflicts and logistical bottlenecks.

Malaysia Increases Subsidized Fuel Quotas Ahead of Independence Day
Businessbloombergmalay-mailstar-malaysia3d ago3 sources

Malaysia Increases Subsidized Fuel Quotas Ahead of Independence Day

Prime Minister Anwar Ibrahim has raised the monthly subsidized fuel quota for eligible drivers by 100 litres, effective September 1. The move is widely seen as a pre-independence day gesture aimed at easing household costs and courting voter support.

IAEA Warns Occupied Zaporizhzhia Nuclear Plant Faces Power Loss Within 10 Days
Worldaftonbladetorfdelfi-lt+4n1-serbiastraits-timeschannel-news-asiaazernews4d ago7 sources

IAEA Warns Occupied Zaporizhzhia Nuclear Plant Faces Power Loss Within 10 Days

The International Atomic Energy Agency has warned that Russia-occupied Zaporizhzhia nuclear plant could lose its external power supply within ten days due to critically low diesel reserves. The facility is currently relying on backup generators to maintain essential safety systems.

Global Diesel Prices Surge to Four-Year High
Businessdennik-n5d ago

Global Diesel Prices Surge to Four-Year High

Rising diesel prices have reached a four-year peak globally, driven by escalating geopolitical tensions between the U.S. and Iran alongside Ukrainian strikes on Russian refining infrastructure.

Pakistan Lowers Petrol and Diesel Prices Ahead of Late August
BusinessDawnexpress-tribune6d ago2 sources

Pakistan Lowers Petrol and Diesel Prices Ahead of Late August

The Pakistani government has reduced retail fuel prices by 50 paisas per litre for petrol and 19 paisas for high-speed diesel effective late August. The adjustment aims to ease transportation costs and provide temporary relief to consumers amid economic pressures.

US Diesel Inventories Fall to Record Low Ahead of Winter
Businessbloombergseeking-alpha6d ago2 sources

US Diesel Inventories Fall to Record Low Ahead of Winter

American diesel fuel stocks have plummeted to historic lows as commercial and residential heating demand surges ahead of the winter season. Energy analysts warn that constrained supplies could lead to price volatility in coming months.

Italy Extends Diesel Fuel Tax Cut Through Early September
Businessbloombergder-standardla-repubblica+3il-sole-24-orenaftemporikiinvesting-com7d ago6 sources

Italy Extends Diesel Fuel Tax Cut Through Early September

The Italian government has extended a temporary reduction in diesel fuel taxes until September 5 to alleviate rising transportation costs. The measure aims to provide economic relief to consumers and businesses ahead of upcoming national elections.

Fuel Prices Drop Across Lithuania
Businessdelfi-lt7d ago

Fuel Prices Drop Across Lithuania

Average prices for gasoline, diesel, and liquefied petroleum gas decreased across Lithuanian gas stations on Wednesday morning, according to the Lithuanian Energy Agency.