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The Latest Breaking News from Petrol

Underlying inflation is still too high, keeping another interest rate hike on the table

The latest inflation figures released by the Australian Bureau of Statistics look, at first glance, like good news. The headline rate for May rose 4.0% over the past year, down from 4.2% in April.

The Conversation

Will Petrol Prices Rise Again in the UK? Strait of Hormuz Closure Could Hit Drivers Within Weeks

Iran's closure of the Strait of Hormuz could spike UK fuel prices and disrupt global energy markets. What this means for British drivers and how to mitigate rising costs?

International Business Times UK

Inside Ukraine’s campaign to turn Russian-occupied Crimea into an 'island'

No petrol sales for civilians, a rolling power-outage schedule and a cancelled tourism season: what is happening in Russia-annexed Crimea amid Kyiv’s campaign to cut off the peninsula from Moscow’s control?

Euronews

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Nayara Energy crosses 7,000 petrol pumps in India

Nayara Energy, backed by Russia's Rosneft, has surpassed 7,000 petrol pumps nationwide, solidifying its status as India's leading private fuel retailer. The company has rapidly expanded its network, adding over 500 outlets in just 18 months, with a significant presence in rural areas. This growth not only enhances fuel accessibility…

The Economic Times

Petrol, diesel margins back to above pre-conflict levels: Report

State-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government excise duty cuts have aided this recovery, rising debt levels and potential tax increases pose risks to long-term earnings. Analysts anticipate better performance from the second quarter onwards, especially if oil…

The Economic Times

Fuel costs to creep up as states back excise return

Drivers will pay 16 cents a litre more for petrol and diesel from July as battles over taxes on fuel open up on multiple fronts.

AAP

Russia pauses fuel sales as Ukrainian strikes kill several, wound dozens in Crimea

A massive Ukrainian barrage in Russian-occupied Crimea killed at least four people and wounded dozens, Moscow-backed authorities there said Sunday, adding that fuel sales at Crimean petrol stations were suspended. Ukraine said it targeted military and energy facilities in Crimea – Moscow's key logistics base for its four-year military offensive…

France 24

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Russian-occupied Crimea suspends petrol sales amid fuel crisis

Kyiv's targeting of Russia's energy industry has sparked a major fuel crisis in Crimea, with long queues for petrol stations and limited supply.

Euronews

Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?

Fuel suppliers outside the Middle East have proved to be much more flexible than analysts expected – and China surprised everyone

The Guardian - AU

Fuel crisis and war costs: Bank of Russia flags risks of faster inflation

Analysts and businesses had expected a sharper key rate cut, but inflationary risks are holding back monetary easing, which the Russian regulator gingerly links to the war.

Euronews

More fuel relief for motorists with halfway measure

Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.

AAP

No real spike in petrol, diesel prices in India despite global crude oil market volatility: Hardeep Singh Puri

Addressing a press conference during his visit to Sonbhadra as part of the Centre's campaign marking 12 years of the Narendra Modi government, Puri further said that Sonbhadra in Uttar Pradesh is shedding its image of being a backward region and is moving towards becoming a model district.

The Economic Times

'Male Karen' Robert Buckner Loses Job But Will Not Face Charges After Calling Police on Solo Dad Taking Daughters Into Women's Bathroom

A viral confrontation at an Alabama petrol station between Robert Buckner and a father using a women's restroom with his daughters has sparked national debate, leading to Buckner's job loss but no charges.

International Business Times UK

Electric is the new normal as growing secondhand EV market helps Australian car buyers shift gear

Lower-cost Chinese brands entered the market, the oil crisis pushed up petrol prices, and now a third of all car sales are EV or hybrid

The Guardian - AU

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The Guardian - UK

What could US-Iran peace deal mean for UK household costs?

The impact on petrol and food prices, energy bills and mortgages if the truce holds and strait of Hormuz reopens

The Economic Times

Government may lift fuel-supply safeguards once West Asia crisis abates: Official

India plans to ease emergency energy measures as global tensions subside. These steps were taken to ensure fuel availability amid West Asia conflicts. An interim agreement between the US and Iran could normalize shipping through the Strait of Hormuz. This will significantly benefit India, a major energy importer. The government…

The Economic Times

HPCL's Rajasthan refinery restarts key crude unit after April fire

Hindustan Petroleum Corp Ltd's joint venture refinery in Rajasthan has restarted its crude distillation unit after a fire in April. This restart allows for a phased ramp-up of fuel production. Key products like diesel, LPG, and petcoke are already being produced. Petrol production is expected next week. The refinery is…

International Business Times UK

10 Photos of 'Solo Dad' Tyler Brodsky After Going Viral for Taking Daughters Into Women's Bathroom

Tyler Brodsky's decision to use a women's restroom with his daughters during a road trip sparked a viral debate on parenting and public bathroom options.

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International Business Times UK

Who Is Robert Buckner? Angry Customer Calls Police on Solo Dad Taking Daughters Into Women's Bathroom

A father's decision to assist his daughters in a women's restroom at a petrol station sparked a viral debate on parenting challenges and public restroom use, involving businessman Robert Buckner.

The Economic Times

India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact

India will allow imports of up to 3.78 lakh conventional-engine passenger cars from the UK at concessional duties under a new trade pact starting July 15. Import duties will fall from 110% to 10% with quotas, while Indian electric and hybrid cars will gain duty-free access to the UK market…

The Economic Times

Does E20 petrol attract ants due to sugar residue? Here's what you need to know

India mandates E20 petrol from April 1, 2026. Viral claims suggest E20 attracts ants due to sugar. Bharat Petroleum Corporation Limited (BPCL) refutes this, calling it baseless. Fuel-grade ethanol undergoes purification, removing sugars. Denaturants in ethanol repel insects. BPCL confirms E20 petrol does not attract ants or insects around fuel…

The Conversation

Halving the fuel tax was a bad idea – and it shouldn’t be extended. There’s a fairer alternative

The federal government’s cut to the fuel excise is due to expire at the end of June, meaning the cost of filling up a 65-litre petrol vehicle could rise by about A$19 from July 1.

The Times of India

Between West Asia crisis and heatwave: Pakistan bikers risk lives to smuggle Iranian fuel

Motorbike riders in Pakistan's Balochistan province are risking extreme heat, armed conflict and deadly accidents to transport smuggled Iranian fuel across the country, as higher oil prices linked to the recent Iran-Israel conflict boost demand for cheaper petrol and diesel.

The Times of India

Customer calls police on Oklahoma father who accompanied his two young daughters to women's washroom; confrontation caught on video

A routine stop at a petrol station during a family road trip turned into a heated confrontation for an Oklahoma father after another customer called police because he took his two young daughters into a women’s restroom.

The Guardian - UK

Jaguar Land Rover to make more hybrid cars in US sales push

Drive to appeal to wealthy Americans is part of pivot away from previously announced all-electric strategy

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