Despite extreme volatility of international oil prices coupled with under-recoveries in the domestic market, local fuel prices will remain unchanged for July 2025. This is as the Ministry of Industries, Mines and Energy provides relief to consumers by keeping fuel prices for all products unchanged until the next review. Other factors that impacted the international oil market include a sharp rise in crude prices driven by geopolitical tensions in the Middle East, particularly the conflict between Israel and Iran, as well as extended OPEC+ supply cuts that further tightened global supply. Photo: Contributed