News about fuel prices: events, facts and developments on tafs uz.
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Energy analyst Osama Rizvi considers high fuel prices a 'structural feature' of the market and calls for distributing oil refining capacity across the world. The European Commission views the loss of refining capacity as a vulnerability that Europe can no longer ignore.
Aziz KarimovIn the second quarter of 2026, the EU spent an average of €27.6 billion per month on oil imports — 55.8% more than a year earlier, with supply volumes almost unchanged. The reason is rising prices amid tensions in the Middle East. Diesel and petrol at EU filling stations have exceeded the 2022 peaks.
Otabek YusupovAmid a seven-year economic crisis and a nearly twofold rise in fuel prices after the government introduced a gasoline tax in February, Beirut residents increasingly opt for cheap moto-taxis instead of traditional 'services'. Regular taxi drivers complain about falling incomes, and the state, in their words, barely regulates the informal transportation market.
Sevara AzamovaItaly's Council of Ministers approved an emergency aid decree for hauliers, agriculture and fishing after mass protests over high fuel prices in the south of the country. The payments — up to 45 cents per litre, covering about 121 million litres of fuel — are to arrive within a month via the Agea agency. Some protesters have resumed deliveries, but strikes and blockades continue, and the authorities do not rule out a forced return to work.
Javlon TursunovPolish Prime Minister Donald Tusk, speaking in the Sejm, stated that US President Donald Trump is responsible for the 'damn high' fuel prices for Poles. The Prime Minister did not reveal the specific mechanism of Trump's influence. Earlier, on October 9, Putin and Trump agreed on the return of Russian diesel fuel to world markets, and Washington lifted sanctions for six months.
Sevara AzamovaSouth African Finance Minister Enoch Godongwana announced a temporary cut in the fuel levy from 4 November to 1 December: by 3 rand per litre of diesel and 1.50 rand per litre of petrol. The measure will cost 10 billion rand in forgone revenue. The 2026 economic growth forecast has been lowered from 1.6% to 1.2%.
Javlon TursunovProtests by Italian truckers over rising diesel prices have spread across the south of the country: roads and the port of Naples have been blocked, and several regions report empty shelves in supermarkets. Transport Minister Matteo Salvini expressed confidence in the possibility of dialogue; a meeting between the ministry and industry associations is scheduled for Tuesday.
Otabek YusupovDonald Trump announced a temporary suspension of part of the sanctions against Russia and the start of imports of Russian diesel, promising a rapid price decline. Experts surveyed by Deutsche Welle believe that high prices are driven by the war in Iran and shipping disruptions, and that the promised supply volumes are too small to affect the market.
Dilnoza RahimovaRussian Deputy Prime Minister Alexander Novak said the government is considering a proposal to introduce a moratorium on zeroing out the fuel damper mechanism. The damper, in effect since 2019, pays oil companies to keep domestic fuel prices down when export netbacks are high, but is not paid when exchange prices exceed normative thresholds. A previous moratorium was introduced from October 2025 to May 1, 2026 amid record fuel prices on the St. Petersburg exchange.
Dilnoza Rahimova
