Poland’s hydrogen bus push falters on high fuel costs
The city of Rybnik reported that hydrogen fleets were more than three times as costly as diesel and four times as costly as hybrids, the report said.
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EU weighs US kerosene as Middle East war squeezes Europe’s jet fuel supply
The European Commission has said the European Union (EU) is not yet facing jet fuel shortages, but is readying contingency measures.
Lufthansa warns of hefty fuel cost hit, preparing for shortages
German airline giant Lufthansa said today its 2026 fuel bill would be 1.
EC energy chief warns of ‘pretty tough’ summer ‘as Iran war drives up prices’
Jørgensen cautioned that air travel would become more expensive and that, in some cases, the bloc could even see flight cancellations as carriers struggle with…
Germany rakes in €500 million extra from fuel tax in March – but still no tax cuts
The rocketing prices for petrol and diesel are proving a boon for Germany's finance minister.
Fuel crisis: Governments and private sector profit while workers pay price
The European Union is witnessing growing fuel chaos as a temporary ceasefire in the Iran conflict, and the partial reopening of the Strait of Hormuz briefly eased…
Workers at French energy giant threaten strike, as energy costs swallow their pay
Employees of Argedis, a network of petrol garages owned by French energy giant TotalEnergies, are threatening a walkout, saying the product they help distribute…
Poland’s intervention in the fuel market meets with EC disapproval
The European Commission has attacked a Polish move to lower VAT on motor fuels to protect consumers from surging prices caused by the conflict in the Middle East.
Middle East war: global economic fallout
Here are the latest economic events in the Middle East war:
German economy minister warns of fuel shortage from end of April
Germany’s Federal Minister for the Economy, Katherina Reiche, has warned of an impending fuel shortage if the Iran war drags on for much longer.
South Korea gets US permission to import oil from Russia to ease fuel crisis
South Korea will likely turn to Russia for oil imports after the closure of the Strait of Hormuz has cut the east Asian country off from its main suppliers in the…
Slovakia says No to cross-border ‘fuel tourism’ and limits fuel sales
The Slovak Government has introduced emergency restrictions on diesel fuel sales amid an escalating energy supply crisis.
Petrol carousel: Germans go to Poland to fill up on cheaper fuel, while Poles go to Slovakia
German drivers are crossing in their droves into western Poland to buy cheaper fuel at petrol stations, giving rise to local shortages and complaints from the Polish…
Sharp rise in fuel prices forces Germany to release oil reserves
Germany has authorised the partial release of its national oil reserves to mitigate the sharp rise in oil and fuel prices triggered by the ongoing conflict in Iran,…
Ukraine drone strikes force Russia to impose fuel export ban
Drone strikes on Russian refineries have forced Russian authorities to introduce a partial ban on diesel exports until the end of the year.
EU carbon tax ‘to cost Belgian families €250 to €400 a year extra’
The European Union's new carbon tax, the Emissions Tradings System 2 (ETS2) set to be enforced from 2027, was likely to cost Belgian families €250 to €400 a…