Petrol prices News
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Kenya Slashes Diesel Costs Following Fatal Unrest Over Fuel Prices.
Following violent protests triggered by record fuel price hikes, Kenyan authorities have announced a 7% reduction in diesel prices to alleviate economic pressure on transport operators and citizens.
Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households.
The Yemeni government has implemented a 24% fuel price hike, citing regional tensions and disrupted shipping. This move has pushed transportation costs higher, severely impacting the livelihoods of ordinary citizens.
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.
The Iran Conflict: How the Middle East Energy Crisis is Rattling African Economies.
As the conflict in Iran closes the Strait of Hormuz, Africa faces an unprecedented energy shock. With global oil prices exceeding $100 per barrel, nations across the continent are struggling with fuel shortages, surging inflation, and the limits of their internal refining capacity.
