
Goldman Sachs Raises Global Diesel Refining Margin Forecast Amid Tight Supplies
Goldman Sachs upgraded its outlook for global diesel refining margins, citing persistently tight fuel supplies and strong demand fundamentals.
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Goldman Sachs upgraded its outlook for global diesel refining margins, citing persistently tight fuel supplies and strong demand fundamentals.

Motorists face increased fuel costs in September as petrol rises by R1.34 and diesel by R2.94, with limited immediate relief available for consumers.

Fuel costs will stay the same in the upcoming billing cycle scheduled for September 7, 2026, with Eurosuper dropping by one cent.

The Chamber of Oil Marketing Companies in Ghana has announced upcoming price adjustments, with petrol set to retail at GHC 16.69 and diesel at GHC 17.90 beginning September 1.

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.
Industry experts emphasize that while US plans to access Venezuelan reserves draw attention, the critical challenge remains a global deficit in refining capacity and soaring diesel costs.
Motorists in Finland have paid around 23 percent more per litre of petrol, and 40 percent more for diesel, compared to August 2025.

The Malaysian government has restored RON95 fuel assistance limits and increased diesel allocations under the Budi Madani scheme, providing relief to motorists and traders.

The Croatian government has issued new regulations maintaining control over fuel prices, slightly increasing the diesel premium by 0.01 euros per liter compared to the previous period.

The subsidy on diesel at the pump will continue through September, at 10 cents per litre (8 cents plus VAT), with an estimated fiscal cost of €30 million, the Ministry… Diesel: 10-cent-per-litre…

Industry experts highlight the exceptional longevity of certain diesel models, noting they can easily surpass one million kilometers despite the industry's pivot to electric and hybrid powertrains.

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.
The Sri Lankan government is set to announce its strategy for aligning domestic diesel prices with fluctuating international fuel costs. Officials aim to balance consumer affordability with fiscal sustainability as global energy markets remain volatile.
The temporary reduction in VAT on fuels under the CPN package expires on August 31, ending the maximum price caps for gasoline and diesel and leading to higher costs for consumers starting September 1.

The franchise star announced that principal photography for the concluding installment of the long-running action series is scheduled to start this winter.
A Wall Street Journal commentary highlights the historical significance and engineering brilliance of Rudolf Diesel, calling for greater modern recognition of his contributions.

The Serbian cabinet has extended the prohibition on exporting petroleum derivatives and implemented a reduction in excise duties on gasoline and diesel to stabilize domestic fuel prices.
A columnist argues that Vin Diesel's global brand appeal and acting portfolio make him a more effective ambassador for Uganda's coffee industry than Tyrese Gibson.

Petrol up Rs25.87, diesel Rs17.09 since daily pricing began

Portuguese fuel retailers will adjust pump prices next week, implementing a decrease for diesel alongside an increase for gasoline as part of the standard biweekly pricing cycle.

Starting Monday, Greek supermarkets will implement a broad round of discounts on thousands of products, coinciding with official announcements to prolong state subsidies for diesel fuel.

Refueling is expensive because oil is missing from the Persian Gulf. But the relationship between prices at the gas station has also reversed. This is not only due to the Iran war.
National energy regulators have approved a new increase in petrol and diesel costs, citing rising import expenses and currency fluctuations. Consumers and transport operators brace for higher living and logistics costs.

The annual Scheid Diesel Extravaganza returns for its 30th year at the Wabash Valley Fairgrounds, showcasing diesel drag racing, professional pulling league trucks, and tractor competitions.

The Pakistani government reduced petrol prices by 58 paisas and high-speed diesel by 17 paisas, effective until August 31.

The number of gas stations in Moldova lacking fuel has dropped significantly to 24, following the delivery of over 7,000 tons of diesel and gasoline across three main entry points in just two days.

Following the latest fuel price adjustments, an analysis indicates that consumers in Serbia will remain the highest-paying in the region for both diesel and gasoline.

Average petrol costs have reached 161.6p per litre and diesel 183.4p, marking the highest levels since 2022 and increasing financial pressure on motorists.
Ankara has significantly increased fuel procurement from American and Indian suppliers, reflecting shifting energy trade patterns and domestic demand requirements.

Crude oil and diesel prices fell significantly, showing that the market remains resilient to the economic impacts associated with former President Trump's policy announcements.

Vin Diesel received widespread online acclaim after performing a rendition of 'I Will Always Love You,' continuing his tradition of honoring the country music icon.

A detailed inspection of a Ford Mondeo diesel with nearly 500,000 kilometers highlights the model's exceptional longevity and proper maintenance, challenging perceptions of the brand's reliability.

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.

The long-running sci-fi action saga faces a setback with its current streaming availability on Netflix, though plans for a fourth installment remain in development.

The Italian government has extended its temporary reduction on diesel duties while preparing to introduce new income-linked economic measures. This fiscal adjustment aims to ease financial pressures on households and businesses ahead of upcoming budget decisions.

The Italian Council of Ministers approved an advance payment on dividends for major energy groups to finance the renewed diesel subsidy, alongside stricter regulations on legal gambling sponsorships.

Malaysian authorities have raised the retail prices of RON97, unsubsidised RON95 petrol, and diesel by five sen per litre, effective late August.
National fuel reserves have reached historic minimums as refineries prepare for increased consumption during the upcoming high-demand period.

The Meloni administration approved a temporary extension of the fuel tax cut, lowering diesel prices by approximately 17 cents per liter through early September.

Persistent fuel shortages and long queues at petrol stations have driven Russian consumers to unexpectedly shift purchases toward diesel-powered cars, accelerating their presence on national roads.
Tight domestic supplies and disrupted trade flows from Russia and Iran have forced European refiners to source diesel from Mexico for the first time in seven years.

Stars including Vin Diesel, Jordana Brewster, and Michelle Rodriguez share behind-the-scenes memories and celebrate a quarter-century since the franchise began.

Due to increased prices for agricultural diesel, Slovenian farmers have temporarily postponed planned tractor protests at the parliament while negotiating cost-reduction measures with the agriculture ministry.

Vietnam’s commercial hub plans to gradually restrict petrol and diesel vehicles in its city center to improve air quality, aligning with broader environmental sustainability goals.

The National Agency for Energy Regulation has published updated fuel price caps for Wednesday, August 26, establishing the maximum retail rates for A95 gasoline and diesel across the country.

Authorities have deployed oil spill response teams and equipment following the sinking of a tugboat carrying approximately 15,000 liters of diesel off the coast of Botolan, Zambales.

Consumer protection data shows petrol and diesel costs in Cyprus have risen by two to eight cents per litre less than the European Union average over the reported period.

Local agricultural groups threaten further protest actions if the Ministry of Agriculture does not respond to their demands regarding soaring diesel expenses by mid-next week.

(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…

Premium diesel in Italy has surpassed €3 per liter for the first time, with the highest prices recorded on the A22 Brenner-Modena motorway. Regular diesel also reached nearly €2.80 per liter amid broader European energy cost pressures.

The Latvian government approved using 1.2 million euros from Chernihiv reconstruction funds to acquire 12 diesel generators intended for military aid to Ukraine.

Gasoline and diesel prices in Lithuania experienced a significant jump over one day, followed by a slight decrease on Monday. This indicates recent volatility in fuel costs.

The National Agency for Energy Regulation (ANRE) announced that the prices for diesel and gasoline will increase in Moldova starting August 25.

Australia's Pacific neighbors could save nearly $1 billion annually by replacing fossil fuel imports with renewable energy, potentially covering the transition cost in just over a decade.

Diesel and Eurosuper 98 fuel prices in Montenegro will be cheaper by one cent starting at midnight, following an additional reduction in excise duties by the government.

European diesel margins have fallen by over 7%, attributed to a decrease in the gasoil premium.

President Abelardo de la Espriella claims that oil thieves in northern Colombia are stealing at least 123,700 barrels of gasoline, diesel, and naphtha monthly from the state oil company. The theft of refined oil products, whether imported or produced domestically, represents a significant economic loss.

Regulated fuel prices in Slovenia have risen, with diesel reaching a record high of €1.903 per liter and 95-octane petrol increasing to €1.608 per liter, effective until August 31.

The new Peugeot 308 diesel model boasts an impressive range of over 1,000 kilometers on a single tank, making it a competitive option in its class.

High gasoline and diesel prices led to a record number of electric vehicle sales across several European countries in July, with Denmark ranking among the top performers.

Italy has announced an extension of its diesel tax cut until Wednesday, a measure taken to mitigate the impact of persistently rising fuel prices on consumers and businesses.

Italian Minister Giorgetti has signed a decree on mobile excise duties, extending a discount on diesel fuel until August 26.

Slovenia is expected to see higher retail fuel prices on Tuesday, with petrol, diesel, and heating oil set to increase if the government does not intervene with duties.
Ten new municipal chapters have joined a grassroots protest against the leadership of Norway's Conservative Party, criticizing their stance on diesel policy.

Forty tankers reportedly transited the Strait of Hormuz on Friday night, according to Axios, which also highlighted an ongoing diesel crisis.

A tanker carrying diesel exploded and caught fire after colliding with a truck loaded with animal feeds in Anambra, Nigeria. The incident, which occurred late Thursday, resulted in two fatalities.
Viktor Vlk discusses the behind-the-scenes preparations for Slovakia's largest tuning exhibition, set to take place in September at Incheba, Bratislava, addressing the legality of car modifications.

Gasoline rises 3.5 cents and diesel 16.3 cents per liter in the Azores in September. Government says tax burden is already at the minimum allowed limit.

Rising diesel prices, cheap imported sugar squeezing margins, and a salmonella outbreak in pet food are creating significant operational and financial challenges for South African business leaders.

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.
Tensions in the world are growing, and the financial situation of Ľuboš Blaha, who dislikes rich people, has come under scrutiny.
The Coalition has pledged to build a fleet of hybrid diesel and electric trains that could boost services in Melbourne’s north-west.

The Pakistani government has announced a slight increase in petrol prices alongside a reduction in diesel costs effective September 1. The adjustment aims to stabilize energy markets while managing inflationary pressures on consumers.

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.
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.

Turkey-based SOCAR STAR refinery reported significant year-over-year production increases for diesel and liquefied petroleum gas in June 2026.

Diesel fuel prices fell in Lithuania while gasoline and liquefied petroleum gas costs increased, according to the latest weekly data from the Lithuanian Energy Agency.

The Spanish government will increase diesel discounts to 20 cents per liter while reducing petrol subsidies to 5 cents starting Tuesday, as part of a temporary economic relief plan tied to regional instability.

The Romanian government has announced a two-week reduction of diesel excise taxes by 25 percent aimed at alleviating fuel costs for consumers and logistics operators.
Shipping data reveals a significant increase in Asian diesel shipments to African markets during August as buyers shift away from traditional Middle Eastern suppliers.

Companies across the transportation and retail sectors are reporting increased financial strain as jet fuel and diesel prices continue to climb. Businesses like major airlines and Dollar Tree warn that elevated energy costs are becoming a significant operational challenge.

The Chamber of Petroleum Consumers projects slight fuel price adjustments at local stations starting early September, reflecting broader regional market trends.

Despite the industry shift toward electric and hybrid vehicles, certain diesel engines remain highly regarded by mechanics for their exceptional durability and mileage potential.

The IAEA warns of a critical situation at the Zaporizhzhia nuclear plant, which has operated without external power for over a week and now faces a fuel shortage for its backup diesel generators.

The Ukrainian nuclear energy operator has alerted authorities that facilities are running low on diesel fuel, with supplies lasting only ten days, prompting urgent negotiations for a ceasefire to enable infrastructure repairs.

Moscow has prolonged its restriction on diesel exports until late September as Ukrainian forces intensify attacks on domestic oil refining infrastructure. The measure aims to secure domestic fuel supplies amid escalating wartime damage to energy facilities.

Ghana's National Petroleum Authority has increased the price floor for petrol and diesel, with new market rates set to take effect on September 1, 2026.

Industry representatives are urging the government to reduce tax burdens for 16,000 flat-rate artisans and lower diesel costs for commercial fishermen to stabilize operations.

Renewed conflicts and instability in the Middle East have triggered a spike in global crude oil prices, directly impacting fuel costs for consumers in Bosnia and Herzegovina.

The Greek government is considering extending diesel subsidies into September as high international oil prices and refinery market pressures push consumer fuel costs above previous thresholds.

Motorists in the Philippines will see retail fuel prices roll back by up to P4 per liter starting September 1 as suppliers adjust to lower crude costs.
Motorists in the Philippines will see diesel prices reduced by approximately P3.50 to P4 per liter starting next week, marking a positive shift for fuel costs ahead of September.

The number of Moldovan gas stations experiencing fuel shortages has dropped to 24, roughly half the figure from earlier in the week. Energy Minister Dorin Junghietu attributed the stabilization to recent imports of 5,000 tons of diesel and 2,000 tons of gasoline.

Preliminary data released by Croatian fuel distributors indicates upcoming adjustments that could significantly lower pump prices. Consumers are expected to see reduced costs for gasoline and diesel following the revised pricing structure.

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.

According to Anarec, simple diesel is expected to drop by 6 cents to an average of €2.011 per liter, while simple gasoline 95 will rise by 1 cent to €1.999 per liter.
Consumers in South Africa are preparing for substantial increases in petrol and diesel prices scheduled to take effect next week, driven by global oil market fluctuations.
Official data reveals a significant increase in diesel and refined fuel shipments abroad, with total petroleum exports reaching 5.5 million tonnes.
A South African court mandated an architect to return funds linked to the Nkandla project, while the city grapples with ongoing fuel supply disruptions.

Modernized trains are expected to begin daily service between Daugavpils and Riga by year-end, cutting travel time by at least thirty minutes, with plans to replace aging diesel engines with battery-powered models.

Global diesel markets face severe supply disruptions and price hikes due to fears of a Strait of Hormuz blockade and Russia's decision to completely halt diesel exports starting in early July.

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.

Gasoline prices will increase while diesel tariffs will decrease starting August 27-28, according to new maximum reference prices set by the national energy regulator.
Singer Denzel Diesel is gaining recognition for his soulful vocals and dedicated efforts to bring classic R&B sounds back to contemporary audiences.

Rising diesel costs are primarily attributed to constrained domestic refining capacity and supply chain disruptions, rather than fluctuations in global crude oil prices.

The Socialist Party is pressing the national government to fulfill promised agricultural subsidies, arguing that recent increases in farm diesel prices make immediate financial relief critical for Azores producers.
Front-month Nymex ultra-low sulfur diesel futures climbed 0.38% to settle at $4.2600 per gallon amid shifting market dynamics and supply expectations.

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.

A 53-year-old man stabbed his wife to death in Greece’s Rodopi region before attempting suicide by drinking diesel fuel. Authorities are investigating the domestic violence tragedy.

The Italian government is preparing to extend temporary fuel duty reductions as retail petrol and diesel costs continue to climb, aiming to ease financial pressure on consumers and businesses.
Vietnamese authorities in Ho Chi Minh City have proposed implementing strict restrictions on gasoline and diesel-powered vehicles beginning in mid-2027. The policy aims to reduce urban air pollution and accelerate the transition toward cleaner electric transportation networks.

The government announced plans to construct a major photovoltaic facility aimed at phasing out fossil fuel dependency on the island.

Pakistan's government increased petrol and high-speed diesel prices, while in Europe, supreme diesel prices exceeded €3.10 per liter on Italy's A22 motorway. Romania also saw diesel prices remain high despite reduced excise duties, prompting questions about import sources.

Russian authorities have decided to prolong the temporary prohibition on diesel fuel exports, aiming to stabilize domestic supply and manage internal market prices amid ongoing economic pressures.

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.

The Pakistani government has increased retail fuel prices by Rs1.12 for petrol and Rs1.11 for high-speed diesel per litre, effective until late August.

The price of premium diesel in Italy has surpassed three euros per liter for the first time, prompting concerns among consumers and experts. This new price point is seen as a significant alarm for the Italian economy.

Retail fuel costs in North Macedonia increased today, with diesel rising by 3.5 denars per liter and gasoline by 1.5 denars, according to market updates.

Records reveal how Dublin City Council discovered a diesel leak in the River Liffey, which spread approximately 2km from the Samuel Beckett Bridge before being spotted.

Regulated prices for petroleum derivatives in Slovenia have risen overnight, with 95-octane gasoline increasing by 2.6 cents to €1.608 per liter and diesel by 4.6 cents to a record €1.903 per liter.

Motorists in the Philippines are facing increased fuel costs, with diesel prices rising by P2.31 per liter starting Tuesday, August 25, despite earlier assurances from the Department of Energy.

Fuel prices are set to increase in North Macedonia, with diesel rising by 3.5 denari and petrol by 1.5 denari per liter, effective from midnight. Croatia has also announced new, higher fuel prices.

Diesel fuel prices are on the rise across Europe, with the cost per liter increasing and reaching its highest level since mid-April in some regions. Slovenia, in particular, has seen diesel prices hit an unprecedented record high.

The Pakistani government has increased the price of petrol by 39 paisas and high-speed diesel (HSD) by Rs2.40 per litre, effective August 25.

The origin of a fire that engulfed a passenger car at the intersection of Víðimel and Furumel in Iceland this morning remains unknown.

The Italian government is facing a critical period due to soaring petrol and diesel prices and is actively seeking resources to fund another extension of excise duty cuts.

Drivers in Moldova will face higher fuel prices starting August 24, as the National Agency for Energy Regulation (ANRE) has set new maximum retail prices for gasoline and diesel.

Actor Vin Diesel shared details about his strong bond with Meadow Walker, the daughter of his late 'Fast & Furious' co-star Paul Walker, describing her as a 'blessing' in his life.

Former Energy Minister Bogdan Ivan has urged an urgent intervention from Ilie Bolojan as diesel prices have risen again in Romania, despite a 20% reduction in excise duties.

Diesel prices have neared 2022 records due to international conflicts, threatening Europe with shortages, though experts suggest Croatia's Rijeka refinery could secure its supply.

The Federal government of Malaysia is expected to announce improvements to the diesel subsidy mechanism within the next month. This initiative aims to refine the current subsidy system.

The diesel crack spread continues to deepen, indicating a worsening global energy crisis, with analysts finding no easy solution to Russia's refining challenges.
The Portuguese government has increased the discount on the ISP (petroleum products tax) for diesel and gasoline, even as average prices for simple diesel are expected to rise to 2.072 euros per liter and simple 95 gasoline to 1.989 euros per liter.

A war in Iran could severely impact the global refining industry, potentially keeping diesel and gasoline prices elevated for years, according to a Reuters analysis.

Gasoline and diesel costs in Spain remain elevated, with drivers paying up to €23 more per tank for diesel compared to last year, as geopolitical conflicts drive global energy markets higher.
The Icelandic government is reversing a temporary fuel tax cut by increasing the value-added tax on gasoline and diesel, leading to higher pump prices starting tomorrow.
Montenegro's Ministry of Energy will implement new fuel rates starting at midnight, keeping diesel at 1.87 euros per liter while gasoline prices are expected to decrease.
Retail prices for both Superbenzine fuel grades will increase across Luxembourg beginning Tuesday, while diesel and heating oil prices remain temporarily unchanged.

Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has welcomed the government’s decision to extend its GH¢2 per litre intervention on diesel, describing it as a…

Fuel prices in Cyprus are facing upward pressure, industry representatives said on Monday, after the international price of oil rose above $90 (€78) a barrel.

Gasoline and diesel costs are expected to rise noticeably following the end of the state-backed discount program that supported drivers during summer holidays.

Helleniq Energy announced the continuation of exceptional fuel discounts for major motor fuels, including 95-octane unleaded gasoline and diesel, throughout the month of September.

Industry associations anticipate that upcoming government excise tax changes will lead to a modest decrease in diesel prices starting tomorrow.

Diesel fuel prices in France have risen by 60 cents per liter over the past year, significantly impacting household budgets depending on regional rates and driving habits.

Fuel costs across Romania continue to exceed 10 lei per liter for standard diesel, even as the Finance Ministry prepares to implement another 5% reduction in fuel excise taxes starting September 1.
Average gasoline and diesel costs across Finland saw a noticeable increase in August, extending a price rally that began earlier in the year.
Domestic fuel prices at Slovak gas stations continue to rise even as international crude markets see declines, raising questions about local pricing mechanisms and market dynamics.

Following a record week where diesel prices exceeded 1.90 euros per liter, consumers are questioning whether further cost increases are imminent or if relief measures are forthcoming under the country's current regulated pricing formula.
The Center Party is advocating for increased biofuel content in gasoline and diesel without raising fuel prices, proposing a targeted tax reduction to promote sustainable energy use.

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.
Moscow has prolonged its restriction on fuel exports, including diesel, citing domestic supply management and energy market stabilization efforts.

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.

Volkswagen's development chief indicates that traditional internal combustion engines will likely become premium or niche products in Europe, as the automaker shifts its primary focus toward affordable electric vehicles.

Agricultural producers in Serpa warn of severe financial pressure from rising fuel prices and are calling for immediate policy intervention from national authorities.
New government directives have adjusted retail fuel prices, with gasoline costs rising and diesel falling, as the country prepares to transition away from its current pricing mechanism by Monday.

Moldova's energy regulator has set new maximum fuel prices for late August to early September 2026, with gasoline prices increasing slightly while diesel prices decrease.
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Front-month Nymex ultra-low sulfur diesel contracts dropped 3.07% during the week, settling at $4.3567 amid shifting demand forecasts and regional inventory data.

The Romanian Ministry of Finance has announced a temporary 25% reduction in the standard diesel excise tax for September 1–15, following a previous 20% cut aimed at easing fuel prices at the pump.

New KTEO inspection regulations in Athens and Thessaloniki will likely force thousands of diesel cars, including some newer models, off the roads due to failing emission standards.

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.

Average prices for gasoline, diesel, and liquefied petroleum gas dropped by less than 1 percent across Lithuanian gas stations on Friday morning, according to the national energy agency.
Official shipping data reveals Türkiye significantly increased fuel purchases from American and Indian suppliers in August to offset supply disruptions caused by Moscow's export restrictions.

A biodiesel manufacturer will invest nearly €13 million to construct a new seed processing facility in central Lithuania, expanding local agricultural value chains.

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.
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The Johannesburg municipal council experienced a complete power outage after failing to procure sufficient diesel fuel for its backup generators, highlighting ongoing logistical challenges.

The Lithuanian Energy Agency reported that average gasoline and diesel prices dropped further this week, while liquefied petroleum gas prices increased.

Fuel costs driven up by the war in Iran have pushed diesel to nearly $5.60 per gallon, forcing US school districts to grapple with severe budget shortfalls as the academic year begins.

Naval forces intercepted suspected smuggled diesel fuel and cigarettes worth at least P147 million during two separate operations in the region.

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.

Ukrainian forces conducted a second major strike this summer against a logistics facility deep inside Russian territory in Tambov, coinciding with reports of another significant refinery fire that is pushing diesel prices toward historic highs.

The Federation of Agricultural Associations of the Azores has strongly criticized the recent increase in agricultural diesel costs, warning that the policy will further devastate already thin profit margins for local producers.

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.

Gasoline and diesel costs in the Portuguese archipelago increased in September, reversing a recent downward trend amid broader European energy market shifts.

Starting August 25, Montenegro's government will reduce excise duties on unleaded gasoline and diesel, bringing diesel prices down to 1.87 euros per liter to ease inflationary pressures.

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

Diesel prices on Italian highways have surpassed €3 per liter, prompting the Council of Ministers to meet and discuss measures to address soaring fuel costs for consumers and transport operators.

A 58-foot vessel grounded at Point Reyes National Seashore, prompting beach closures and an urgent environmental response to remove over 1,000 gallons of diesel fuel.

Although diesel and gasoline prices have surpassed 10 and 9.5 lei respectively, Romania's Competition Council reports that reduced excise taxes and capped commercial margins have successfully lowered the final cost paid by consumers.

The country is experiencing a second wave of fuel scarcity, triggering widespread protests and clashes as drivers struggle to find gasoline and diesel across multiple regions.

The Italian government plans to extend a temporary diesel fuel duty cut after it expires, aiming to alleviate rising energy costs for consumers and businesses amid inflationary pressures.

Electricity, gasoline, and diesel prices in Greece have spiked due to prolonged heatwaves and surging energy consumption across the country.

Prime Minister Giorgia Meloni met with key coalition figures to address the upcoming expiration of diesel fuel discounts and rising consumer costs ahead of the summer travel rush.

The Latvian Ministry of Economics announced the acquisition of 12 extra diesel generators to support infrastructure recovery in Ukraine's Chernihiv region, supplementing previous aid commitments.

80 Mile's biodiesel plant in Italy has successfully obtained sustainability certifications, highlighting its commitment to environmentally friendly practices.

New record diesel prices are set to take effect in Slovenia for the next seven days, raising concerns about their potential impact on food and other living costs.

The Italian government is exploring a potential contribution from oil companies and evaluating an extension for expiring diesel discounts.

The government has announced an increase in petrol prices by Rs0.39 and high-speed diesel by Rs2.40.

While most manufacturers transition to hybrids and complex emission systems, Toyota is still producing its simple, robust 1HZ diesel engine, known for its lack of a turbo, DPF, and EGR.

The price of diesel is set to reach a record high tomorrow, with gasoline prices also increasing. This indicates a significant rise in fuel costs for consumers.

Italy has extended the diesel duty cut by one day, pushing the expiration date to August 26. This measure aims to provide continued relief on fuel costs.
The conflict in Iran has severely impacted the global refining industry, leading to warnings that diesel and gasoline prices could remain elevated for years, according to a Reuters analysis.

Concerns are rising that the global diesel crisis could persist beyond the duration of the ongoing conflict in the Middle East, impacting various sectors.

Italy has extended its diesel tax cut as Prime Minister Meloni grapples with increasing fuel prices, with diesel exceeding 2.2 euros per liter on highways. The measure aims to alleviate the financial burden on consumers.

Diesel prices in Italy have exceeded 2.2 euros per liter amidst the summer exodus, leading to calls from political figures like Elly Schlein for the government to tax the extra profits of energy companies.

On August 23, gasoline and diesel prices in Moldova will increase, according to new maximum reference prices set by the National Agency for Energy Regulation (ANRE). Gasoline 95 will have a maximum retail price of 26.08 lei per liter.

Experts warn that while Croatia is not facing a genuine fuel shortage, prices for diesel and other fuels are expected to rise. This comes amidst broader energy market concerns.
Diesel margins have reached record highs, leading to significant gains for stocks of companies like Valero and Marathon in the energy sector.

Italy is experiencing its first weekend of 'controesodo' (return traffic), with over 24 million vehicle movements expected through Sunday, August 23. Many Italians are returning home for work, while others are still departing, and diesel prices on highways have risen to 2.200 euros per liter.