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View all search resultsfuel-price
Middle East and Africa 1 week ago
Iran war sends oil prices soaring on supply fears
As Mojtaba Khamenei was appointed Iran's new leader, the benchmark price for a barrel of crude soared beyond $100 for the first time since Russia's invasion of Ukraine four years ago, prompting swift reactions across the world.
Economy 1 week ago
South Korea to impose fuel price cap to shield economy from energy shock
Speaking at an emergency meeting on the impact of the Middle East crisis, Lee said the government would "swiftly introduce and boldly implement" a maximum price system on petroleum products "that have recently seen excessive price increases".
Regulations 1 week ago
PREMIUM
Fuel price hike in the cards if budget ‘can’t bear’ oil subsidy
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending elsewhere, such as on the free meals program.
Companies 2 weeks ago
Airline stocks remain under pressure; Asian carriers see surge in demand, prices jump
Asian airline shares remained under pressure on Tuesday as the US and Israeli war against Iran escalated, with carriers closely monitoring fuel price spikes and many seeing a surge in bookings as passengers switch from Middle Eastern airlines.
Regulations 1 year ago
PREMIUM
Cleaner fuel rollout won’t raise prices, govt promises
The government has stated that the introduction of cleaner – and costlier – fuel later this year will not necessitate price hikes or put further strain on the state budget. Instead, the rollout will be financed by preventing wealthier consumers from purchasing subsidized fuel.
Regulations 1 year ago
PREMIUM
‘Cleaner’ fuel program to start on Sept. 1, but no restrictions yet
The government aims to bring down the sulfur content in fuels sold in the country to no more than 50 parts per million (ppm), from the current approximately 500 ppm for gasoline and up to 3,500 ppm for the lowest grade of diesel.
