# fuel prices
Latest news and articles about fuel prices
Total: 2 articles found
Biggest IEA Oil Release in History Fails to Douse Prices as Hormuz Risk Keeps a Premium on Crude
The IEA coordinated the largest emergency release of oil in its history — 400 million barrels — but Brent and US crude leapt on March 12 as markets remained worried about disruptions via the Strait of Hormuz. The move signals strong international coordination, yet traders are pricing a sustained risk premium because physical chokepoints and on‑the‑ground escalations could still significantly curtail supplies.
China’s Retail Fuel Prices to Jump — Filling a 70L Tank Will Cost Nearly ¥40 More
China is set to raise retail fuel prices on March 9, with forecasts showing gasoline up about ¥0.50–0.56 per litre and diesel around ¥0.57 per litre. That will make filling a standard 70-litre car tank almost ¥40 more expensive, tightening cost pressures for households and transport-intensive businesses.