Latest news with #dieselprice
Bloomberg
04-07-2025
- Business
- Bloomberg
Angola Raises Diesel Price by 33%, Third Increase This Year
Angola raised the diesel price by 33%, the third increase this year as authorities press ahead with fuel-subsidy cuts that have been encouraged by the International Monetary Fund. The price will rise to 400 kwanzas ($0.43) per liter on Friday from 300 kwanza previously, the Petroleum Derivatives Regulatory Institute said in a statement late Thursday.
The Herald
01-07-2025
- Automotive
- The Herald
Fuel price hikes kick in at midnight: what you'll pay from Wednesday
After four months of consecutive declines, South African motorists will face sharp fuel price increases from midnight on Tuesday. The department of mineral resources and energy has confirmed that the price of 93-octane petrol will rise by 55c/ l , while 95-octane goes up by 52c/ l . Diesel is also hit hard, with wholesale prices increasing by 84c/ l for low-sulphur 50ppm and 82c/ l for 500ppm fuel. The wholesale price of illuminating paraffin climbs by 67c/ l . These increases come despite the rand strengthening slightly against the US dollar over the past month. According to the department, the primary driver is a surge in global oil prices, fuelled by escalating tensions in the Middle East and recent attacks by the Trump administration on Iranian nuclear facilities. Fuel prices from Wednesday:
Malay Mail
18-06-2025
- Business
- Malay Mail
RON97 price rises by seven sen, RON95 unchanged, diesel up in Peninsular Malaysia
KUALA LUMPUR, June 18 — The retail price of RON97 petrol will increase by seven sen per litre, from RM3.07 to RM3.14, for the period from June 19 to 25, while that of RON95 remains unchanged at RM2.05 per litre. In a statement today, the Ministry of Finance (MOF) said the retail price of diesel in Sabah, Sarawak and Labuan remains at RM2.15 per litre, while in Peninsular Malaysia it will rise by seven sen per litre, from RM2.74 to RM2.81, during the same period. 'In line with the increase in global oil market prices, the government has set the retail price of RON97 petrol at RM3.14 per litre, while the retail price of diesel in Peninsular Malaysia is RM2.81 per litre. 'The diesel price in Peninsular Malaysia remains lower compared to the floated price of RM3.35 per litre on June 10, 2024,' the statement said. MOF said the prices were set based on the weekly retail pricing of petroleum products using the Automatic Pricing Mechanism (APM) formula. It said the government will continue to monitor the impact of changes in global crude oil prices and take appropriate measures to ensure the welfare and well-being of the people are safeguarded. — Bernama
