The Chamber of Oil Marketing Companies (COMAC) has projected significant increases in ex-pump prices of petroleum products during the second pricing window of March.According to COMAC’s latest pricing outlook, petrol, diesel, and liquefied petroleum gas (LPG) prices are expected to rise by 16.93%, 17.21%, and 11.26% respectively. Global crude oil surge drives increasesThe projected hikes...
Day: March 13, 2026
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NPA Sets New Fuel Price Floors for March Second Pricing Window
The National Petroleum Authority (NPA) has announced new fuel price floors that are expected to push petroleum product prices higher across the country during the second pricing window of March. The revised minimum price thresholds will take effect from March 16 to March 31, setting new benchmark prices for petrol, diesel and liquefied petroleum gas...
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Crude oil price to average $70 per barrel in 2026 if… – Fitch
Ratings agency, Fitch is raising its 2026 annual average crude oil price forecast to US$70 a barrel from US$63 (Brent). According to the UK-based firm, it assumes that the Strait of Hormuz remains effectively closed for about a month. However, it anticipates oil prices falling to the mid-US$60s by the second-half of 2026. “We raised...