Fuel prices have risen in more than 85 countries worldwide following escalating tensions involving Iran, triggering widespread increases due to disruptions in global oil supply. Read More: Oil prices surge as Iran attacks energy sites According to reports, the surge in prices has been observed across Asia, Europe, Africa, and North America, as uncertainty surrounding oil shipments intensified. A key factor […]
Global fuel prices
Global diesel and petrol prices surge 10–12% amid rising shipping costs
Global fuel prices have climbed sharply, with diesel and petrol becoming 10 to 12 percent more expensive due to a major hike in freight charges. Industry sources reveal that the shipping cost for oil tankers has increased by nearly 50%, driven by high demand and regional tensions affecting global supply chains. As of June 12, […]