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Diesel and fuel prices
Diesel, petrol and heating oil, from the refinery to the pump, and the stock releases meant to bring them down. 8 items, newest first.
October 2026
- GeopoliticsCost of living protests spread across Europe as fuel prices jump 31.9%
Cost of living protests hit France, Italy and Portugal. Euro area inflation reached 3.8% in September, as fuel cost 31.9% more than a year earlier.
- CommoditiesDiesel prices: the IEA wants faster stock releases as the Russian deal falls short
US diesel costs $6.20 a gallon, 67% more than a year ago. The IEA wants stocks released faster, and experts say Trump's Russian deal will barely move prices.
- GeopoliticsEnergy ceasefire: the US threatens Ukraine's weapons supply over refinery strikes
Trump declared an energy ceasefire as US officials threatened to cut Ukraine's arms and intelligence unless it stops striking Russian refineries, the FT says.
- GeopoliticsRussian diesel: the US lifts sanctions, but the first cargo covers 14 hours of use
The US Treasury licensed Russian diesel imports until April 2027 after a Trump-Putin call. The first 300,000 tonnes equal about 14 hours of US diesel use.
- CommoditiesHeating oil prices are up 34%, and oil-heated homes face 21% higher bills
Heating oil prices will average $5.26 a gallon this winter, up 34%, the EIA says. Oil-heated homes face a 21% higher bill; gas and propane users pay less.
- CommoditiesG7 oil stock release puts diesel first, but much of it was promised in March
G7 leaders agreed to release 100m barrels of oil and diesel over four months. About 75m was still owed from March. Then Trump ruled out a diesel export ban.
- CommoditiesChina has stopped selling fuel abroad for October, as Europe weighs a diesel release
Chinese refiners have halted exports of diesel, petrol and jet fuel to rebuild stocks at home. Europe is discussing a 50m-barrel diesel release. Diesel already sells for about $90 a barrel more than crude.
September 2026
- CommoditiesWhat the Gulf cannot sell, refiners in Africa and Asia now make
Diesel’s premium over crude reached a monthly record in September. BloombergNEF expects Africa and Asia to account for 95% of new refining capacity to 2030, led by Nigeria’s Dangote.
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