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The Middle East war has pushed energy prices higher, affecting lives across the globe. As the crisis has crossed one month, oil prices have stayed beyond the $100 per barrel mark and ripples are visible across the globe. While some countries are encouraging measures to move beyond fuels, others are forced to raise prices, making everyday routine costlier. Residents in Hong Kong are contending with the highest petrol prices in the world, as global energy markets remain under strain and costs continue to climb. At roughly $15.6 per gallon, fuel in the city far exceeds prices seen elsewhere, even as motorists in the United States face their highest rates since 2022.The sharp rise in global oil prices follows escalating tensions involving oil-producing Gulf nations and the disruption of a crucial shipping corridor through the Strait of Hormuz. Over the past month, these developments have driven a surge in oil costs worldwide, placing added pressure on Asian economies that depend heavily on energy supplies routed through the region.The fuel price hike is not new for Hong Kong as the country had already been grappling with steep costs even before the latest crisis. Data from GlobalPetrolPrices.com shows the city has consistently ranked as the most expensive place for petrol, even prior to the conflict involving Iran, CNN reported.Although private vehicles are owned by only about 8.4% of the city’s 7.5 million residents, economists caution that the impact extends beyond motorists. Rising fuel costs are expected to push up logistics expenses, which could filter through to other parts of the economy and contribute to inflation.Authorities have sought to reassure the public on supply stability. Chief Executive John Lee had earlier voiced concern over rising oil prices and said the government would keep a close watch on movements in the market. Officials maintain that supply remains secure, with about 80% of Hong Kong’s oil products sourced from mainland China.“With the advantage of having strong support from the motherland, Hong Kong has been able to maintain a stable energy supply amid energy shortages in many regions and cities around the world,” a Wednesday government press release said as cited by CNN.At the consumer level, the price disparity with mainland China is becoming increasingly apparent. Reports suggest more drivers are crossing the border to refuel, where petrol can cost as little as one-third of Hong Kong prices.Hong Kong has long had relatively low car ownership levels among major cities, a trend shaped by high fuel prices, expensive parking and steep vehicle registration fees. The city’s extensive public transport network continues to serve as the primary mode of travel for most residents.Experts say a combination of high fuel duties and land costs continues to keep petrol prices elevated, reinforcing Hong Kong’s position at the top of global fuel price rankings.

New Delhi: Hardik Pandya didn’t turn up for either of the two afternoon practice sessions of Mumbai Indians ahead of their Saturday match against Delhi Capitals. Understandably, the Mumbai Indians captain doesn’t want to push his injury-prone body during the gruelling two-month IPL schedule. Hardik, however, is fighting another battle besides planning the campaign for the five-time champions.TOI understands he has been working overtime for the last four months to assure the Indian team management and the selectors that he is ready to bowl his full quota of 10 overs in ODI games beyond the IPL. India’s preparation for the ODI World Cup in Oct-Nov 2027 will be in full swing after the IPL.

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BENGALURU: The southern derby between RCB and CSK has long been one of the IPL’s marquee contests. Of the 35 meetings between the two sides, CSK have won 21 but the narrative shifted last season when RCB, en route their maiden title, completed a double over the five-time champions, a commanding 50-run win in Chennai followed by a thrilling two-run victory at home.The shift in results has mirrored a change in fortunes. RCB, rebuilt around performance and analytics, finally broke their title drought while CSK, in a transitional phase, have exited in the league stage in each of the past two seasons.On Sunday, the two sides meet again at the M Chinnaswamy Stadium under contrasting circumstances. RCB come into the contest on the back of an emphatic win over SRH in their opener while the Ruturaj Gaikwad-led CSK arrive with two defeats in a row, including a five-wicket loss to SRH at home on Friday.There is also a gap in preparation. RCB have had a week to recover and regroup. CSK will take the field less than 48 hours after their previous outing.