Your next flight could be more expensive as jet fuel costs soar

Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a "systemic jet fuel shortage" if traffic through the Strait of Hormuz doesn't normalize by the end of this month.

By Camila Domonoske

Fire breaks out at crucial Australian refinery, raising fuel supply fears

Gas leak ignites plant in Victoria that produces about 10 percent of Australia's fuel.

Malaysia pumps up police action at border petrol stations to curb subsidised fuel leaks

Malaysia has deployed police to dozens of petrol stations along its borders as it moves to stop subsidised fuel from leaking out of the country, with the government linking the tougher enforcement to a global energy crunch triggered by the Iran war. The Southeast Asian nation shares borders with Thailand, Singapore, Indonesia and Brunei. Police said 36 petrol stations had been classified as “hotspots” and another 55 as high-risk locations. The deployments began at 6am on Wednesday across Perl...

By Iman Muttaqin Yusof

UK economy grew faster than expected before Iran war

The war in the Middle East has hit hopes of an uptick in growth this year

By Karl Matchett

Fuel supply fears after blaze tears through crucial Australian refinery

Columns of fire engulfed a crucial Australian oil refinery after a chain of explosions, authorities said on Thursday, as they warned of disruptions to domestic fuel supply. Flames as high as 60 metres erupted late on Wednesday after a gas leak ignited at the Viva fuel plant in Victoria state, firefighters said, one of only two working oil refineries in Australia. The refinery, about an hour’s drive southwest of state capital Melbourne, pumps out about 10 per cent of Australia’s fuel, accordin...

By none@none.com (AFP)

Malaysia's Petronas to supply excess fuel to Australia as leaders vow closer energy ties

Malaysia's Prime Minister Anwar Ibrahim said he had obtained an assurance from Petronas on the matter following discussions with his Australian counterpart Anthony Albanese on boosting agricultural and fuel trade.

LTFRB should urge TNVS to cut commissions amid fuel price surge – Quimbo

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) should urge ride-hailing operators to temporarily lower commission rates on partner drivers to ease the burden of soaring fuel prices, Marikina Rep. Miro Quimbo said. The lawmaker said lowering commission rates would boost the take-home pay of transport network vehicle services (TNVS) and motorcycle

By mmercado

Reduced hours at petrol stations ‘may not be needed’

The operating hours of petrol stations in Thailand might not have to be reduced on Monday as planned earlier, if fuel supplies remain adequate, according to Energy Minister Akanat Promphan.

Australia refinery fire worsens fuel supply crunch amid Iran war

Country depends on imports ​for 80% of fuel needs

By Reuters

Anwar: Malaysia to prioritise domestic fuel, supply surplus to Australia

PUTRAJAYA, April 16 — Malaysia will prioritise meeting its domestic fuel requirements before supplying any ex...

Food prices in Ukraine may rise by around 10% – Haidu

Ukraine is experiencing a trend of rising fuel prices, which in the second half of the year could lead to food prices increasing by approximately 10%.

Government absorbing cost of fuel relief, not industry – Richmond Rockson rebuts COMAC CEO

The Communications Spokesperson for the Ministry of Energy and Green Transition, Richmond Rockson, has strongly rejected claims that recent fuel price reductions are being driven by industry players rather than government intervention.

By Ernest Arhinful