Overview
- UK pump prices posted record monthly gains in March, with petrol up 20p a litre and diesel up 40p, adding about £11 and £22 respectively to a 55‑litre fill, according to RAC data.
- India raised jet fuel on Wednesday, lifting rates 8.5% for domestic airlines and more than doubling prices for other operators to above ₹2,07,000 per kilolitre, and it increased 19‑kg commercial LPG by roughly ₹195 while keeping household LPG and retail petrol and diesel unchanged.
- Long queues for auto‑LPG were reported in central Bengaluru even as the Petroleum Ministry said supplies are stable, showing the strain created when pump prices are held steady despite higher import costs.
- South Korea’s inflation rose 2.2% in March after the government capped fuel prices, yet the central bank warned inflation will run higher in April as oil trades near or above $100 a barrel.
- Pakistan’s finance ministry warned of rising inflation and local reports indicate the government may raise petrol and diesel in the next price review to meet IMF commitments as global oil benchmarks remain elevated.