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Tag: fuel prices

  • Pakistan Lowers Petrol and Diesel Pump Prices for September 29

    Pakistan Lowers Petrol and Diesel Pump Prices for September 29

    Pakistan cut petrol prices by Rs2.27 per litre and high-speed diesel by Rs3.56 per litre on September 28, adjusting retail fuel rates for nationwide transport and retail supply chains.

    The revision sets the ex-depot price of petrol at Rs389.03 per litre and high-speed diesel at Rs404.97 per litre, with the updated rates taking effect on September 29.

    Tax burdens and daily pricing

    Official levies remain unchanged despite the downward revision. The federal government maintains Rs114 per litre in duties and taxes on petrol and Rs100 per litre on high-speed diesel, according to the Petroleum Division notification.

    Daily price adjustments now govern the pump rate under an arrangement handed to the Oil and Gas Regulatory Authority in July. Petroleum Minister Ali Pervaiz Malik introduced daily revisions to track swings in imported cargo costs directly, replacing the previous weekly adjustment framework established in March.

    Operating hours and transport pressure

    For commercial store operators and logistics fleets, fuel costs remain a heavy overhead. Petrol and high-speed diesel drive nationwide freight and personal transit, with monthly consumption running between 700,000 and 800,000 tonnes each, compared with roughly 10,000 tonnes for kerosene.

    Physical retailers face operational curbs alongside pump price volatility. The government has enforced early market shutdowns at 9pm to conserve energy, while cutting fuel quotas for official vehicles by 50 per cent over a three-month window.

    Trajectory from April peaks

    Pump rates remain below the record highs set earlier in the year. High-speed diesel traded at a peak of Rs520.35 per litre on April 3, climbing from Rs281 per litre before international market disruptions escalated in late February.

    Petrol followed an identical track, starting from Rs266 in early March to reach a record Rs458.41 per litre in April. Targeted subsidies introduced by Prime Minister Shehbaz Sharif on September 13 attempt to shield two-wheelers, auto rickshaws and passenger vehicles up to 800cc from high base rates.

    Supply monitor

    Commercial transport operators continue to watch the daily regulatory adjustments from the Oil and Gas Regulatory Authority. Further price notifications depend on international crude benchmarks and the duration of the current retail operating curbs.

  • Cambodia Sets Retail Fuel Caps at 5,150 Riel for Gasoline and 5,650 Riel for Diesel

    Cambodia Sets Retail Fuel Caps at 5,150 Riel for Gasoline and 5,650 Riel for Diesel

    Cambodia’s Ministry of Commerce set new retail fuel caps on October 1. The ceiling fixes regular gasoline at 5,150 riel per litre and diesel at 5,650 riel.

    Stations nationwide implemented the schedule at 1:00 PM. The rates run through October 11.

    Breakdown of the price schedule

    The adjustment covers Gasoline 92 alongside Gasoil 10ppm. State authorities calculate the figures using a formula tied to regional energy trading averages, updating domestic pump rates every ten days to reflect wholesale oil shifts.

    Subsidies remain in place to cushion consumers and commercial operators from international swings. The Ministry of Commerce said state support helps stabilise transport overheads while allowing retail networks to align station prices with global trends.

    Cost pressure across logistics and distribution

    Diesel at 5,650 riel per litre sets the baseline operating expense for freight hauliers, agricultural distribution networks, and inter-provincial bus operators. Heavy goods vehicles rely exclusively on gasoil. Any upward revision in the ten-day cycle feeds directly into wholesale delivery charges for packaged goods, fresh produce, and construction materials moving along national highways.

    Urban delivery platforms and motorcycle couriers bear the cost of 5,150 riel regular gasoline. In Phnom Penh and secondary urban hubs, last-mile couriers operating two-wheelers absorb these fuel expenses directly. That squeezes net margins across fast-food delivery and e-commerce fulfillment services.

    Supply chain impact for retail networks

    Fuel retailers operate within tight fixed margins under the mandatory price ceilings. Forecourt chains and independent operators must recalibrate point-of-sale software and physical pump displays across the country at every adjustment window. This prevents price gouging while stations manage terminal inventory bought at earlier wholesale rates.

    Importers and bulk storage operators face continuous cash-flow planning under the ten-day review mechanism. Rapid swings between cycles leave bulk distributors exposed to inventory holding risks whenever wholesale prices soften faster than retail ceilings update.

    Earlier pricing adjustments

    Officials carried out previous scheduled price revisions on September 11, August 11, and August 4. Those followed a drop in pump prices recorded in April after geopolitical tensions eased across international oil markets.

    Energy planners monitor international crude benchmarks ahead of the next window on October 11. The Ministry of Commerce will issue its subsequent ten-day fuel notification on that date.

  • Pakistan Raises Petrol to Rs349 and Diesel to Rs374 per Litre

    Pakistan Raises Petrol to Rs349 and Diesel to Rs374 per Litre

    Pakistan raised the retail price of petrol by Rs2.84 per litre and high-speed diesel by Rs2.28 per litre, effective September 4.

    Petrol now costs Rs349 per litre. High-speed diesel stands at Rs374.31 per litre. State fuel taxes add Rs114 per litre in duties on petrol and Rs100 per litre on diesel.

    Daily Pricing and Middle East Volatility

    Fuel rates now change daily under a system the government introduced on July 17. Petroleum Minister Ali Pervaiz Malik instructed the Oil and Gas Regulatory Authority to adjust prices every day based on international crude fluctuations.

    Both fuels remain well below their spring records. High-speed diesel peaked at Rs520.35 per litre on April 3, up from Rs281 before hostilities between the United States and Iran escalated in late February. Petrol reached Rs458.41 per litre on that same April date after opening March at Rs266.

    Impact on Freight and Retail Transport

    Transport costs feed directly into retail operations across Pakistani cities. High-speed diesel fuels long-haul freight trucks, intercity logistics fleets, agriculture machinery, and backup commercial generators. Petrol runs commuter motorbikes and urban delivery networks.

    Monthly consumption of petrol and high-speed diesel combined runs between 700,000 and 800,000 tonnes, compared to 10,000 tonnes for kerosene. Fleet operators and logistics providers are watching the next daily OGRA notices as global oil benchmarks shift.

  • Pakistan Raises Petrol and Diesel Prices Under Daily Mechanism

    Pakistan Raises Petrol and Diesel Prices Under Daily Mechanism

    Pakistan raised the ex-depot price of petrol by Rs 1.12 and high-speed diesel by Rs 1.11 per litre, effective August 26, 2026.

    The adjustments lift petrol to Rs 343.10 per litre and diesel to Rs 371.80 per litre, according to notifications issued by the Oil and Gas Regulatory Authority and the Petroleum Division of the Ministry of Energy.

    Daily Pricing Adjustments

    Official pricing records show the revision extends the daily pricing mechanism introduced on July 21, when petrol stood at Rs 315.80 and diesel at Rs 367.58 per litre. Rates had held steady at Rs 341.59 for petrol and Rs 368.29 for diesel between August 22 and August 24 before rising slightly on August 25 to Rs 341.98 and Rs 370.69 respectively.

    Fuel rates remain substantially below their record peaks set on April 3, 2026, when petrol hit Rs 458.41 and diesel reached Rs 520.35 during the Strait of Hormuz supply disruption. Current rates, however, stay well above the pre-crisis baseline of Rs 266.17 for petrol and Rs 280.86 for diesel recorded on February 28.

    Transport and Retail Supply Chains

    For fleet operators and retail distribution networks across South Asia, frequent pump revisions complicate freight budgeting and last-mile consumer delivery margins. The shift from fortnightly reviews to daily pricing transfers global crude volatility directly to local commercial transport, forcing fast-moving consumer goods distributors to update their delivery surcharge formulas in real time.

    Market participants are now tracking whether daily adjustments will hold prices around current levels or push transport diesel closer to the Rs 400 threshold as regional energy markets stabilize.

  • Philippine Fuel Retailers Raise Diesel by P2.31 per Liter

    Philippine Fuel Retailers Raise Diesel by P2.31 per Liter

    Philippine fuel retailers will raise pump prices on August 25, adding P2.31 per liter to diesel and P1.08 per liter to gasoline.

    The adjustment extends a second consecutive week of increases across Metro Manila and provincial networks, following a sharp rise on August 18 when diesel jumped P3.84 and gasoline gained P2.49. Kerosene will also climb by P0.95 per liter for the week of August 25 to 31, according to Department of Energy pricing data.

    What Drives the Regional Surge

    Dubai crude climbed roughly $8.90 per barrel during trading between August 10 and 14, driving refined product benchmarks higher across Asia. International diesel prices climbed $11.40 per barrel over the same period, while international gasoline rose $6.50 per barrel.

    Shipping constraints through the Strait of Hormuz contributed to the tighter supply outlook. Tanker transits through the passage dropped from 17 vessels on August 10 to 16 on August 11, reflecting persistent friction between Iranian and US-Israeli forces.

    Transport Costs and Supply Chains

    Rising pump prices squeeze operating margins for regional delivery fleets and retail logistics networks across the archipelago. The Philippines imports almost all of its fuel requirements, making freight and retail transport immediately sensitive to movements in global oil benchmarks and foreign exchange rates.

    Current retail levels sit well above baseline figures recorded in February. Prior to the escalation in Middle East maritime disputes, common retail prices in Metro Manila stood at P55.00 per liter for diesel and P56.00 per liter for RON95 gasoline.

    Russia also maintained its export ban on diesel during the August trading cycle, limiting replacement cargoes for Asian buyers and keeping regional diesel prices firm.

    Energy authorities will monitor crude throughput and tanker traffic through the Persian Gulf during the next trading window to assess adjustments for the first week of September.

  • New retail fuel prices announced

    New retail fuel prices announced

    The Independent Consumer and Competition Commission (ICCC) has announced the new retail fuel prices for this month, which will take effect on January 8, 2018.

    According to the ICCC’s calculations, retail fuel prices for petrol, diesel and kerosene will increase throughout PNG as of 8th January, 2018.

    “These price increases are attributed to the increases in the Import Parity Prices (IPP) for this month. Furthermore, the increases in the IPP are attributed to the increases in the Mean of Platts Singapore (MOPS) prices for petrol, diesel and kerosene during the month of December, 2017,” ICCC said in a statement.

    “Increases in the MOPS prices are attributed to the increases in crude oil prices during the month of December, 2017. The retail price increase particularly for diesel is attributed in the increase in its excise duty in 2018 from 10 toea to 23 toea per litre.”

    The domestic retail fuel prices are inclusive of the IPP, domestic sea and road freight rates for the first quarter of 2018, 2018 wholesale and retail margins for petrol, diesel and kerosene; including excise duty for petrol and diesel, and the Goods and Services Tax (GST).

    As a result of adding all the various cost components, the table below shows the maximum retail prices for fuel that are to be sold in Port Moresby.

    Port Moresby Retail Prices (toea per litre)

    Petrol (tpl)

    Diesel (tpl)

    Kerosene (tpl)
    Retail Prices as of 8th January, 2018

    346.92

    308.76

    280.47
    Retail Prices as of 8th December, 2017

    343.29

    286.12

    273.94
    Price Variance (+/-) toea per litre

    +3.63

    		      +22.64        +6.53

    As stated above, for this month the retail fuel prices in the National Capital District will change as follows:

    • Petrol prices will increase by 3.63 toea per litre;
    • Diesel prices will increase by 22.64 toea per litre; and
    • Kerosene prices will increase by 6.53 toea per litre.

    Retail prices in all other designated centres will change according to their approved in-country shipping and road freight rates (for the first quarter of 2018) that are charged by the fuel distributors.

    As part of the ICCC’s enforcement and compliance of fuel prices, its investigation officers will conduct inspections at all service stations on Monday, January 8, to ensure prices of petroleum products do not exceed the allowable maximum prices.

    The prices set by the ICCC are the indicative maximum retail prices, for which retailers may choose to sell below the maximum price.

    “Again, the ICCC would like to remind retailers who sell fuel using pumps to set fuel prices to one decimal place while the ICCC will continue to set the maximum price to 2 decimal places,” said Avi Hubert, acting chief executive officer.

    “No fuel pump operator should charge above the Indicative Retail Price for this month’s price regardless of the number of decimals. This is to ensure compliance with the Prices Regulation Act under which the maximum prices of refined petroleum products are set.

    “Retailers who are displaying prices to 1 decimal place are urged by the ICCC to round the prices down to ensure prices are within the allowable indicative retail prices. The ICCC inspectors will continue to conduct spot checks after 8th January to ensure ongoing compliance by fuel operators.”

    Consumers are advised to report any instances of overcharging by retailers through the ICCC’s Consumer Protection Division on 325 2144 or on toll free number 180 3333.

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