Road fuels
Overview
Fuels for road transportation continue to drive the refining industry. But gasoline and diesel use is coming under increasing pressure from the introduction of low-carbon targets around the world.
Global oversupply, new regulatory measures and rapidly increasing competition for export markets are affecting refining margins. The need for accurate insight and data is more critical than ever.
Argus road fuels coverage includes price assessments and key insights into conventional fuels — gasoline, middle distillates and blending components — as well as biofuels, in each key region. Our trusted prices are delivered alongside the latest market-moving news, in-depth analysis, supply and demand dynamics, price forecasts and forward curves data.
Latest road fuels news
Browse the latest market moving news on the global road fuels industry.
Australia extends fuel stockpile relief to September
Australia extends fuel stockpile relief to September
Sydney, 1 June (Argus) — Australia will extend a 20pc reduction to its minimum stockpile obligation (MSO) for gasoil and gasoline by a further three months to 30 September, energy minister Chris Bowen said. The easing was first introduced in mid-March after supply concerns triggered a surge in demand following the start of the US-Iran war on 28 February, leaving some service stations short of fuel. Companies will be allowed to maintain lower stock levels only if they submit and implement updated written plans showing how they will coordinate with government to prioritise supply, particularly to regional areas, Bowen said in a press statement on 30 May. They must continue supplying regional distributors, service the wholesale spot market and respond to abnormal demand spikes to help prevent further disruptions. The extension also introduces a requirement to notify authorities of any such disruptions. Demand could rise again towards the end of June as fuel prices are expected to increase. Prices declined after the government cut the fuel excise to A$0.21/litre from A$0.53/litre for April-June, but Canberra has signalled the measure will not be prolonged. Anticipation of higher prices may prompt consumers to bring forward purchases, similar to behaviour seen in early March. Australia held the equivalent of 36 days of gasoil demand, 48 days of gasoline and 30 days of jet fuel as of 26 May, according to the Department of Climate Change, Energy, the Environment and Water (DCCEEW). Gasoil and gasoline inventories have risen significantly since late February, while jet fuel stocks have increased only modestly ( see graph ). Gasoil inventories began to recover after Export Finance Australia (EFA) was empowered to support imports through insurance, guarantees and financing arrangements. The first EFA-backed cargoes were announced on 16 May, including 570,000 bl of gasoil purchased by Viva Energy across two shipments, a day after a fire at its 120,000 b/d Geelong refinery . EFA has supported 17 shipments totalling 690mn litres (4.3mn bl) of gasoil and 150mn litres (943,000 bl) of jet fuel. The federal budget on 12 May allocated A$3.2bn to establish a 1bn litre government-owned strategic fuel reserve and increase MSO requirements for gasoil and jet fuel by a further 10 days, targeting 50 days of cover. By Tom Woodlock Australia extends fuel stockpile relief to September Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Senado prorroga subsídio ao diesel
Senado prorroga subsídio ao diesel
Sao Paulo, 29 May (Argus) — O presidente do Senado, Davi Alcolumbre, estendeu por mais dois meses o subsídio para a importações e vendas de diesel no país, em meio aos impactos da guerra entre Estados Unidos-Irã sobre os preços dos combustíveis, de acordo com o Diário Oficial publicado na sexta-feira. A medida estende para junho-julho a medida provisória que instituiu o subsídio de R$800/m³ sobre as vendas de diesel no país. O benefício é somado ao subsídio de R$320/m³ vigente até dezembro, totalizando R$1.120/m³ até julho. A decisão também prorrogou pelo mesmo período o subsídio de R$1.200/m³ sobre as importações de diesel, custeado igualmente pelo governo federal e pelos estados. Não há informações que confirmem que os estados continuarão contribuindo com o subsídio, uma vez que a adesão é voluntária. O governo federal anunciou uma subvenção para a gasolina de R$440/m³ em 25 de maio, seguida de um aumento dos preços do combustível pela Petrobras. A isenção dos impostos federais PIS/Cofins sobre as vendas e importações de diesel e biodiesel tem vigência até 31 de maio. A medida foi adotada para reduzir os impactos da guerra no Oriente Médio sobre os preços dos combustíveis. Por Lucas Lignon Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2026. Argus Media group . Todos os direitos reservados.
Mexico fuel price caps strain supply nationwide
Mexico fuel price caps strain supply nationwide
Mexico City, 29 May (Argus) — Fuel price caps in Mexico are tightening supply conditions, as the government's voluntary scheme is pushing fuel retailers away from private marketers and toward the increasingly constrained supply of state-owned Pemex, market sources say. Mexico's fuel price cap, introduced in March 2025 to hold regular gasoline below Ps24/liter ($4.45/USG) and extended to diesel in early April 2026, hinges on coordination between the government, Pemex and retailers. Yet the policy is distorting competition between Pemex and private-sector fuel importers. To enforce the cap, Pemex has applied wholesale terminal pricing measures, including temporary nationwide rates that erased volume-based differences. While these steps have constrained pump prices despite rising global costs, private importers remain more exposed to international volatility. Private fuel importers struggle to match Pemex's artificially lower prices. But fuel retailers face mounting pressure to keep their gasoline and diesel prices below the caps. Consumer watchdog Profeco already visited fuel stations across the country and placed banners warning consumers not to buy fuel there if prices are deemed too high. Profeco is now conducting these visits together with environmental regulator Asea and the national guard, leading some fuel station operators to worry they could face closer scrutiny if their prices do not align with the cap, multiple retailers told Argus . This pressure has caused more fuel retailers to source cheaper Pemex products wherever possible, as many already have set supply contracts. Becausethis dynamic is [reshaping competition](http://direct.argusmedia.com/newsandanalysis/article/2827947) in the fuel market, Pemex increasingly struggles to organize supply for fuel retailers, market sources said. Pemex has said it has sufficient supply of gasoline and diesel available and urged calm. At times, the company has sent out communications telling retailers supply would be available at other terminals. This causes fuel retailers to face longer fuel delivery windows and elevated logistics costs, but the real problem is that Pemex's supply delays are persistent in some parts of the country, including the north and parts of central and western Mexico. While Pemex does eventually supply every fuel station, the delays have created rolling shortages for companies operating networks across multiple regions. This makes it difficult to keep selling fuel consistently without having to close a station occasionally, one retailer told Argus . Energy ministry data also point to lower inventories at Pemex and private storage terminals, with gasoline stocks slipping below 2025 levels and diesel falling even further. Supplies are particularly tight in central Mexico, reflecting how the price cap is coinciding with weaker fuel availability. By Cas Biekmann Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
New Zealand earmarks funding for fuel reserve expansion
New Zealand earmarks funding for fuel reserve expansion
Sydney, 28 May (Argus) — The New Zealand government has allocated NZ$150mn ($88mn) to expand its strategic fuel reserves and set aside a further NZ$450mn as a time-limited contingency for potential additional support, according to its latest budget released today. Part of the NZ$150mn will fund a previously announced deal with Z Energy under which the government will secure 90mn litres (550,000 bl) of gasoil. The purchase is expected to increase the country's gasoil cover by about nine days. Deliveries are scheduled to arrive at Marsden Point in one or two cargoes in late June. Z Energy will procure, own and manage the volumes, while the government will retain control over their release into the domestic market. New Zealand fuel import terminal Channel Infrastructure is preparing to commission a refurbished tank at Marsden Point by early June to accommodate the additional volumes. New Zealand finance minister Nicola Willis said the allocation leaves scope for further reserve expansion if required. "While precise numbers are commercially sensitive, even accounting for this deal, the NZ$150mn fund still has room for future increases in strategic fuel reserves," she said. The budget also indicated that a planned NZ$0.12/litre increase in fuel excise duty, scheduled for January 2027, may be deferred by six months. Unlike Australia, New Zealand has not reduced fuel excise, citing concerns that such a move would subsidise demand. As of 24 May, New Zealand held 25.1 days of gasoil, 35.1 days of gasoline and 32.4 days of jet fuel in domestic storage, according to the latest official data. By Tom Woodlock Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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