Governments move to contain global fuel-price surge
publishers 93articles 110first reported 23 Sep, 13:27 UTCdeveloping since 1 Oct · 31 editions
Governments across several countries are taking steps to contain surging fuel costs as conflict involving Iran disrupts Middle Eastern oil flows and refining, while the Russia-Ukraine war adds pressure to diesel supplies.
In the United States, average diesel prices reached $6.32 a gallon on Tuesday, up 68% since late February, according to AAA data cited by CNBC. Gasoline rose 47% over the same period to $4.37. The Group of Seven agreed to release diesel stocks, while President Donald Trump temporarily broadened permitted use of cheaper red-dyed diesel. France separately announced that it would make 10 million barrels of diesel available to distributors at cost, which Prime Minister Sebastien Lecornu said could reduce pump prices by 12 to 18 euro cents a litre.
South Africa will raise 95-grade petrol by R3.33 to more than R30.25 a litre and diesel by as much as R3.24 to above R35. Mauritius increased petrol and diesel prices by about 10% in late September; its year-on-year inflation rate accelerated to 5.7% in September.
Other governments are absorbing or moderating increases. Colombia froze diesel prices for October and reversed a planned gasoline increase, with the fuel-price gap potentially costing public finances about 9.7 trillion pesos annually. Nigeria announced measures including a 30-day discount at state-owned NNPC stations, increased crude sales to domestic refineries and negotiations for a N1,350-per-litre ceiling on petrol landing costs.
In Britain, where diesel recently reached a record £2 a litre, Google Maps began displaying near-real-time prices from the government’s Fuel Finder system to help motorists compare forecourts.
HOW THIS STORY WAS MADE
Written from 8 articles, 7 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 186 h after the record first saw the story; the editor kept it as written.
- Publishers
- 93
- Source articles
- 110
- Given to the writer
- 8, 7 with the article's own text
- Independent newsrooms
- 8
- This version written
- 186 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.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →