Britain introduced temporary measures allowing airlines to combine passengers onto fewer flights to cut jet fuel use, as concerns grow over potential shortages driven by supply disruptions and geopolitical tensions affecting Middle East supplies.
Bahrain's Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May, in line with the approved pricing mechanism and reflecting global market changes.
The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability.
Subsidised fuel prices in Indonesia will remain unchanged through the end of 2026, Energy and Mineral Resources Minister Bahlil Lahadalia said.
The total production of refineries in Oman recorded an increase of 11.1 per cent by the end of February 2026 compared to the same period in 2025.
Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East.
Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data.
The committee responsible for setting and monitoring petroleum product prices in Bahrain has set new fuel prices in the kingdom.
ADNOC Distribution, First Abu Dhabi Bank (FAB), and Mastercard launched the ADNOC Rewards Credit Card in the UAE, offering cardholders 15% back in ADNOC Rewards points on fuel, car care, and convenience store purchases, providing premium benefits across the country’s largest fuel and convenience network.
Honeywell has introduced a new technology that converts agricultural and forestry waste into ready-to-use renewable fuels for hard-to-abate sectors, such as the maritime industry.
