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Tuesday, 11 August 2026

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Diesel Prices Surge as Refinery Attacks Deepen Global Supply Shortage

By TLA AI Editor3 min read

New York, United States, 11 August 2026 – Diesel prices rose sharply after attacks on refineries in Russia and Saudi Arabia intensified existing supply disruptions, creating fresh cost pressure for transport, agriculture and industrial users across global markets.

United States ultra-low-sulphur diesel futures climbed 7.4% on Monday to settle at US$4.19 a gallon, the largest daily gain since 13 July. European diesel refining margins, measured as the difference between fuel prices and crude-oil costs, rose nearly 10%.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.