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energy rates

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The move follows an energy ceasefire between Russia and Ukraine as the US seeks to lower domestic fuel costs amid a 70 percent price surge.

The price drop for motor spirit comes as diesel costs continue to climb, marking a shift in the daily fuel rate updates.

The Minister noted that regional tensions impact fuel supply, while refineries are working to digitise the supply chain.

The CMA made a recommendation in 2023, and the government launched its Fuel Finder scheme in February.

Over 176,000 tonnes of fuel were loaded at South Korean ports on seven tankers making 14 voyages to Russia’s far east in July and August.

The adjustment, approved by Nepra, covers the gap between actual and reference fuel costs for most consumers.

The announcement follows calls for fiscal discipline, as the IMF urged France to improve its financial standing.

These revised rates, effective 2026-10-08, follow a shift in fuel price determination to the Oil and Gas Regulatory Authority.

Shell's gas production was cut by a third due to damage to a key gas processing facility in the Gulf from the Iran crisis.

The concession follows a public hearing where officials discussed the cost increase from previous rates.

The directive defers federal excise tax payments and aims to secure diesel access for farmers and industry.

No deaths have been reported during the student protests and school blockades in France.

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