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Economy

Fuel taxes across Europe: Where do consumers pay the most?

Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.

Europe in Motion

War in Iran: Where in Europe have petrol prices spiked?

Motorists across Europe are facing higher fuel prices as the war in Iran has rattled global energy markets, with governments looking at how best to react.

Travel News

SAS to cancel 1,000 flights in April after surge in jet fuel price

In response to the SAS update, rival carrier Norwegian is ramping up capacity across the region.

Qatar

The Iran war could trigger deeper economic fallout than markets expect

Beyond the battlefield, the Iran war is exposing fragile economic chokepoints from energy routes to fertilisers and industrial gases, raising concerns among economists that supply disruptions could shape global prices and trade long after the conflict ends.

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Earth News

Fossil fuels are ‘ripping away national security’ says UN exec

‘Sunlight doesn’t depend on vulnerable shipping straits,’ says UNFCCC’s Simon Stiell.

Tech News

Could rising gas prices drive more drivers toward electric vehicles?

Surging fuel prices linked to the Iran war may boost interest in electric vehicles, as drivers look to avoid volatile gasoline costs. Experts say EV owners are less exposed to oil price shocks, though electricity prices and upfront costs remain key factors. Watch the video for more.

Earth News

Would switching to an EV save you money as gas prices spike?

“Clean power and electrification combined is what provides the most security,” says Ember analyst Euan Graham.

No Comment

Long fuel queues form in Bangladesh amid fears of supply shortages

Motorists in Bangladesh queued for hours at petrol stations as concerns grow that the war involving Iran could disrupt fuel supplies.

Europe Today

Watch the video: Iran war and your wallet — have you checked the bill?

At Euronews, we usually report big politics, but this time your reporter wants to ask a different question: how will the Middle East conflict affect your wallet?

Iran

Why the Strait of Hormuz is crucial to global oil and maritime trade

The Strait of Hormuz is a key shipping lane linking the Gulf to global markets, with a large share of the world’s oil and gas passing through it daily. Disruptions caused by tensions between Iran, the US and Israel risk affecting energy supplies and international trade. Watch the video for more.

No Comment

Protests erupt in La Paz over Bolivia's fuel subsidy cuts

Bolivia sees protests in La Paz after fuel subsidy cuts doubled prices. Workers marched for days as clashes broke out and talks with the government stalled.

Economy

Millions live in cold houses in Europe: Where is fuel poverty worst?

The share of people in the EU who are unable to keep their homes adequately warm has increased since the energy crisis sparked by Russia's invasion of Ukraine.

Angola

At least 22 dead in Angola fuel price hike protests, officials say

Angola is one of Africa’s largest oil producers, but the country does not have enough refineries to meet domestic demand, so it imports diesel and gasoline at high prices.

Angola

Four killed and hundreds arrested in Angola fuel hike protests

Angola is one of Africa’s largest oil producers but the country doesn’t have enough refineries to meet domestic demand, so imports diesel and gasoline at high prices.

Economy

Three years on: How Russia's invasion reshaped energy prices across EU

Euronews Business looks at how residential electricity and gas prices have evolved since Russia's invasion of Ukraine and compares prices with pre-invasion levels.

Economy

German producer prices stay subdued as energy prices heat up

The producer price index, which looks at the average change in selling prices that domestic producers get for their services and goods, was down for the 16th month in a row.

Earth News

Hungary slammed for 'absurd' proposal to delay aviation fuel levy

While the diesel, petrol and electricity used for rail and road transport is heavily taxed, airlines and maritime transport – from fishing boats to cruise ships – continue to enjoy a free ride – a situation that may encourage environmentally harmful travel choices.

Business

Shell takes billion dollar hit as it pauses building of biofuels plant

The firm reveals a write-down mainly associated with it's Rotterdam and Singapore plants and says that trading in its core gas division will decline on the quarter.

Economy

Spanish inflation rises for third consecutive month after VAT hike

A jump in electricity prices linked to higher VAT rates is pushing up inflation in Spain. Upticks are being seen across the eurozone, although the causes are varied.

Economy

Inflation rate in Hungary edges up slightly to 3.7% in April

After 14 months of decline, the rate of inflation in Hungary rose again.