Car Fuel in Asia Gets Pricier Than Europe as Refineries Shut

Gasoline’s rallying in Asia after a slew of refinery outages, making the car fuel the most expensive relative to Europe in almost seven months.

At least five refiners in the East unexpectedly closed their faulty gasoline-making units in the past month, tightening regional supplies, according to data compiled by Bloomberg. Meanwhile in Europe, falling summer demand for the fuel and ample inventories in the Atlantic Basin are weighing on prices, JBC Energy GmbH said in a report Sept. 18.

Higher pump costs may put pressure on consumers in emerging economies, the consultant said.

Singapore 92-RON gasoline traded at ...