Fuel costs rise worldwide as governments weigh relief measures
publishers 89articles 100first reported 23 Sep, 13:27 UTCdeveloping since 1 Oct · 32 editions
Fuel prices are climbing in several countries as conflict-related supply disruptions and higher international oil costs feed through to consumers, prompting governments and political parties to propose price controls, tax cuts and subsidies.
In South Africa, 95-octane petrol in Gauteng rose by R3.33 to a record R30.25 a litre on October 7, according to the Central Energy Fund. The price of 93-octane petrol increased by R3.12 to R29.88, while diesel rose by as much as R3.24 a litre. The Department of Mineral and Petroleum Resources said Brent crude averaged more than $101 a barrel during the review period, citing US-Iran tensions, uncertainty over shipments through the Strait of Hormuz, higher transport costs and shrinking inventories.
US diesel averaged $6.32 a gallon on Tuesday, up 68% since February 27, AAA data cited by CNBC showed. The Group of Seven agreed to release diesel stocks, while President Donald Trump temporarily broadened permitted use of cheaper red-dyed diesel. US gasoline averaged $4.37 a gallon, up from $2.98 before the war began.
Pakistan raised petrol by Re0.88 to Rs393.64 a litre while reducing high-speed diesel by Rs1.88 to Rs397.76. Colombia kept October gasoline and diesel prices unchanged, with analysts estimating that insulating consumers from international prices could cost the government about 9.7 trillion pesos annually.
Elsewhere, Ireland’s Aontú proposed reducing carbon taxes when fuel reaches specified price thresholds. Nigerian presidential candidate Donald Duke pledged to target petrol at about N300 a litre if elected in 2027 by pricing fuel for domestic consumption according to production costs rather than international benchmarks.
HOW THIS STORY WAS MADE
Written from 8 articles, 8 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 162 h after the record first saw the story; the editor kept it as written.
- Publishers
- 89
- Source articles
- 100
- Given to the writer
- 8, 8 with the article's own text
- Independent newsrooms
- 8
- This version written
- 162 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
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