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Pump prices in Singapore at new highs, costliest grade above S$4 (RM12.78) a litre

Fuel pump prices have climbed to new highs again to breach $4 for the first time on the back of an imminent ban on Russian oil and increased demand as world economies return to full swing. ....

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Pakistan: Govt increases petrol price by Rs 30 per litre

Uniindia: Islamabad, June 2 (UNI) Pakistan s Finance Minister Miftah Ismail announced Thursday that the price of petrol has been moved up by Rs30 to Rs209.86, just a few days after increasing the rate of the commodity by the same amount, Geo News reported. ....

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Petrol and diesel prices to hit record highs at midnight

Petrol hiked by up to R2.43 while diesel is up by R1.10 a litre, but it could have been worse without the extended fuel levy holiday ....

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BBCNEWS BBC News at Six June 4, 2024 17:13:00

Agreed a plan to block up to 90% of oil imports from russia, part of a new package of sanctions to punish the kremlin for the invasion of ukraine. our business editor, simonjack, has this report. on this forecourt in essex, drivers are getting used to bad news. there was more today, as petrol prices hit a new record. i m putting down 50 quid 80 a week. it s only five miles a day, which is ridiculous. just try not to use it as much. be selling it soon. when i first got it a couple of years ago, it cost me 35 to fill up, and now it s 60, so it has gone up a lot. so many different things - in my business it s affecting, so, yeah, it s difficult, really difficult. - for the first time ever, petrol hit £1.73 a litre. diesel, at £1.82, is hovering near its own recent record. that means the price of filling an average petrol tank is nearly £100 a milestone that diesel hit yesterday. behind these prices, another surge in the value of crude oil, but that s not the whole picture. ....

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BBCNEWS BBC News at Six June 4, 2024 17:14:00

As you can see, oil has been more expensive before, so why are we seeing new petrol and diesel records now and how high could they go? well, oil is traded in dollars, and the pound has weakened this year. plus russia also exports refined diesel and petrol, which is also being shunned, meaning prices are heading higher still. unfortunately, the price of petrol is on a collision course with 180 in the coming days, and it could be as high as 185. and i think it s very likely that diesel will reach 190 a litre. the latest surge in oil prices came after european union leaders agreed last night to cut 90% of all oil imports from russia by the end of the year to stop fuelling the russian war machine. these sanctions are biting hard and are really destroying and that s the goal the financial basis of putin leading this war and hitting hard the russian economy. and the thing about oil, petrol, ....

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