Overview
- Global crude benchmarks climbed to near or above $90 a barrel after renewed US strikes on Larak Island and Iranian responses in late August, reigniting supply‑risk concerns for the Strait of Hormuz.
- The UAE Fuel Price Committee set September 1 rates that raise diesel to Dh4.30 per litre and lift all petrol grades, citing recent international price moves.
- South Africa’s Central Energy Fund and the Department of Mineral Resources and Energy confirmed increases effective Wednesday, September 2, with petrol up R1.34 per litre and diesel rising roughly R2.94–R3.15 per litre.
- Pakistan’s Petroleum Division issued a September 1 notification that raised petrol by 77 paisas per litre and reduced high‑speed diesel by Rs1.03 per litre, while India’s state oil companies left retail petrol and diesel broadly stable at the end of August and Delhi’s IGL raised CNG on August 29 because of higher LNG costs.
- Countries use different price mechanisms — monthly regulated rates in the UAE, a slate levy and monthly adjustments in South Africa, periodic notifications in Pakistan, and daily OMC revisions in India — so international crude and refined‑product moves are translating unevenly into consumer and logistics costs, with diesel and LNG‑linked CNG increases likely to hit transport and inflation hardest.