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How the Iran War and Surging Oil Prices Are Affecting Consumers at the Gas Pump and Beyond
Fuel prices in Ukraine rose 16% for diesel and 12% for petrol amid Iran conflict disruptions and export limits from Poland, Romania, Moldova, Hungary, and Slovakia.
- On March 9, diesel reached $1.64 a liter in Ukraine, rising 16% month-on-month as neighboring countries restrict fuel exports, tightening supply.
- After Feb. 28 strikes, U.S.-Israeli military actions triggered a global energy spike as Brent crude passed $100 and European natural gas benchmarks rose roughly 30%, lifting prices about 17%.
- Sea logistics surcharges rose by $4 per metric ton to $36-38, a cost that will be borne by Ukrainian farmers, Oleg Khomenko said, as fuel accounts for 50% to 60% of shipping costs.
- Prime Minister Yulia Svyrydenko said on March 6 and March 9 the government is working to ensure supply to defense, agriculture, and public transport while Ukraine's antimonopoly committee enforces price controls to curb markups.
- Economists warn that U.S. crude price rose roughly 42% to roughly $95 a barrel, which could push inflation toward 3% and raise fuel surcharges, impacting lower-income consumers.
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Associated Press News+10 Reposted by 10 other sources
How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond
As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production. Gasoline prices are climbing.
·United States
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Iran war effect on oil prices hits Ukrainians at the pumps
The Iran war is hitting Ukrainians at the pump, as rising global energy prices ripple through the war-battered economy that is only just emerging from an energy crisis and significant bout of inflation. Diesel prices hit $1.64 a liter on March 9, according to Ukrainian fuel market analyst group A-95 Consulting, a 16% climb compared with one month prior. Petrol prices rose by 12% in the same period. "I’ve been working in this market for 25 years,…
·Kyiv, Ukraine
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Total News Sources12
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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