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Local News

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

May 18, 2026 at 4:07 AM

Sri Lanka's Ceylon Petroleum Corporation (CPC) has faced a sharp rise in fuel import costs, settling two-thirds of its projected 2026 annual bill within the first four months alone, driven by global market volatility.

18 sources

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays

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India

Image Source : newindianexpress.com

India Implements Significant Fuel Price Hike Amid Global Market Volatility.

May 15, 2026 at 6:15 AM

9 sources

Aviation

Soaring Jet Fuel Costs Set to Drive Up European Airfares.

International Air Transport Association head Willie Walsh warns that rising jet fuel prices, exacerbated by Middle East instability, will inevitably lead to higher airfares in Europe despite temporary discounting.

May 14, 2026 at 3:13 AM

9 sources

Business

Image Source : m.economictimes.com

Shipping Giant Maersk Warns of Rising Costs Amid Geopolitical Instability.

May 13, 2026 at 11:06 AM

10 sources

Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices

Image Source : businessinsider.com

Business•

May 12, 2026 at 9:34 PM

Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.

As global oil prices remain above $100 per barrel due to the conflict in Iran and the closure of the Strait of Hormuz, airlines are facing a severe crisis. With fuel costs nearly doubling, carriers are passing these expenses to travelers, leading to significant increases in airfares.

7 sources

Business

How Soaring Fuel Costs Are Boosting Costco’s Retail Dominance.

May 10, 2026 at 9:40 AM

As gasoline prices exceed $4.50 per gallon, US consumers are increasingly turning to Costco for fuel, driving a significant uptick in both fuel revenue and overall warehouse foot traffic.

4 sources

Middle East

Image Source : aljazeera.com

Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households.

May 8, 2026 at 9:15 AM

10 sources

Local News

Image Source : energy.ec.europa.eu

Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic.

May 8, 2026 at 12:06 AM

6 sources

United States

Rising Fuel Costs Deepen Economic Divide in the United States.

Recent data from the New York Federal Reserve highlights a K-shaped economic divide, where soaring gas prices disproportionately force lower-income households to reduce fuel consumption while higher earners maintain their habits.

May 6, 2026 at 3:44 PM

8 sources

President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures

Image Source : ft.lk

Local News•

May 1, 2026 at 2:48 PM

President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.

President Anura Kumara Dissanayake has signaled that small increases in fuel prices may be unavoidable due to rising global costs and Middle East instability, despite significant government subsidies currently in place.

12 sources

Business

US Airline Industry Grapples with Escalating Jet Fuel Costs Amid Global Conflict.

April 24, 2026 at 12:54 PM

Surging jet fuel prices triggered by international tensions are significantly impacting major US airlines, leading to reduced capacity, higher fares, and billions in additional operational expenses.

10 sources

US Airline Industry Grapples with Escalating Jet Fuel Costs Amid Global Conflict

Image Credit : independent.co.uk

Technology

Image Source : bbc.com

Lufthansa Cancels 20,000 Flights Amid Critical Jet Fuel Shortage Triggered by Conflict.

April 23, 2026 at 10:42 AM

10 sources

Economy

Image Source : says.com

Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout.

April 20, 2026 at 3:52 AM

8 sources

Travel

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Maximizing Travel Rewards in an Era of High Jet Fuel Costs.

April 18, 2026 at 9:38 AM

7 sources

Economy•

April 17, 2026 at 9:45 AM

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

10 sources

Economy

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.

April 16, 2026 at 4:54 AM

HSBC CEO Georges Elhedery reveals that global energy market disruptions have forced nations like Sri Lanka to pay as much as $286 per barrel for oil, far exceeding international benchmark prices.

12 sources

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs

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United States

Image Source : businessinsider.com

Rising Fuel Costs Weigh Heavily on American Economic Sentiment.

April 13, 2026 at 6:20 PM

9 sources

Travel

Image Source : newsweek.com

Airlines Hike Baggage Fees as Fuel Costs Skyrocket Amid Global Conflict.

April 7, 2026 at 12:53 PM

9 sources

Local News

Image Source : ceylonwire.lk

Government Approves Price Relief Mechanism for Petrol and Diesel Amid Global Market Instability.

April 7, 2026 at 12:51 AM

10 sources

Sinopec Adjusts Retail Price for Super Diesel

Local News•

April 6, 2026 at 5:59 PM

Sinopec Adjusts Retail Price for Super Diesel.

Sinopec Energy Lanka has revised the price of Super Diesel, increasing it by Rs. 28 to a new rate of Rs. 600 per litre, effective from midnight today.

7 sources