The price of Brent crude – the global benchmark – now sits at more than $100 a barrel. This means the cost of the many products derived from crude oil, such as petrol or gasoline, has also surged.

However, despite fluctuations in international oil markets, the Indian government has indicated that petrol and diesel prices are expected to remain stable for now, with oil marketing companies ...

Ever wondered what fuel large ships use to travel across oceans for weeks? Most commercial vessels rely on Heavy Fuel Oil (HFO), commonly called bunker fuel, a thick petroleum residue that powers the ...

Petrobras said its board approved joining Brazil's newly announced diesel commercialization subsidy program, pending regulatory details from the country's energy regulator.

Scientists are exploring a surprisingly simple way to clean up diesel engines: adding tiny droplets of water to the fuel. During combustion, the water rapidly vaporizes, triggering micro-explosions ...

Fuel prices have reversed downward after four consecutive sessions of sharp increases, with RON95-III gasoline returning to ...

Fuel shortages are paralyzing the economy, while the United States is incentivizing the island’s private sector ...

MANILA, Philippines — There will be no break from soaring fuel prices next week, with diesel tracking the P90 to P100 per liter mark, as the Middle East crisis continues to choke a vital route for a ...

Energy Minister Chris Bowen has released 20 per cent of the nation's fuel reserves as experts warn rationing could be on the cards.

Governments from Asia to Europe are scrambling to shield consumers from surging fuel and food costs triggered by the US-Israeli war on Iran, rolling out measures ranging from fuel subsidies and price ...

Chancellor Rachel Reeves gave an update this week around a crippling 81% increase in a week of home heating oil - used by more than 60 per cent of Northern Ireland homes. At Treasury questions the ...

The war in Iran is already sending the price of oil rocketing, which will have a knock-on effect for the UK economy.