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UK allows diesel and jet fuel refined from Russian oil

The UK government has issued a licence allowing imports of diesel and jet fuel that were refined from Russian crude in third countries, officials said. The move responds to rising fuel prices and supply concerns after disruptions linked to the conflict in the Middle East and a closure of the Strait of Hormuz. The licence, published on Tuesday and effective immediately, covers diesel and jet fuel refined abroad — notably in countries such as India and Turkey — while other oil product restrictions remain in place. Companies bringing these fuels into the UK must keep required records and follow conditions set by the licence. Government ministers said the change is needed to protect supply chains and ease cost‑of‑living pressures for households and businesses, while saying overall sanctions pressure on Russia will continue. The licence is indefinite but will be reviewed […]

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Fuel Prices Skyrocket in Ghana, Sparking Public Outcry.

Fuel prices in Ghana have surged dramatically, causing widespread concern among citizens and businesses alike. The National Petroleum Authority (NPA) announced the increase following global oil market fluctuations, which have seen crude oil prices rise due to geopolitical tensions and supply chain disruptions.As of this week, the price for a litre of petrol has risen by nearly 10%, now standing at GHS 15.50 per litre, while diesel has shot up to GHS 17.30 per litre. This marks one of the steepest increases in recent months and has triggered reactions from transport unions, market vendors, and consumers across the country.Transport operators, including the Ghana Private Road Transport Union (GPRTU), have already hinted at possible fare hikes, as their operational costs have become unsustainable. Many Ghanaians fear that this will further worsen the cost of living, as fuel price increases typically result […]

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