UK inflation falls unexpectedly as fuel prices drop
Britain is battling the highest inflation among major advanced economies.
Indonesians told to prepare for potential fuel price hike
Southeast Asia's largest economy has tripled this year's energy subsidy budget to US$34.22 billion in order to keep some fuel prices and power tariffs unchanged and manage inflation.
Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages
The approvals for oil firms to be picked in the new process will effectively end a market duopoly involving a subsidiary of India's state-run Indian Oil Corp.
Sri Lanka struggling to pay for fuel shipments, minister says
The country of 22 million people is unable to pay for essential import of food items, fertiliser, medicines and fuel due to a severe dollar crunch.
Bankrupt Sri Lanka opens oil market to foreign firms
Lengthy blackouts are now a feature of daily life, while motorists have been forced to wait in daylong queues for scarce supplies of petrol.
Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel
With its foreign exchange reserves at a record low, the island of 22 million is struggling to pay for essential imports of food, medicine and most critically, fuel.
Bankrupt Sri Lanka runs out of fuel
Oil cargoes that were due last week did not turn up while those scheduled to arrive next week will also not reach Sri Lanka due to 'banking' reasons.
South Korean truckers refuse to back down on fuel cost strike
The industrial action has disrupted shipments and production for the crucial steel, petrochemical and automobile sectors, in an early test for new President Yoon Suk-yeol who has vowed to deal with labour disputes 'strictly'.
IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
Over half of 134 countries surveyed say they have introduced subsidies or tax cuts to soften the blow of soaring price rises triggered by the war in Ukraine, the IMF says.
Sri Lanka to default on debt, no money for fuel, minister says
An economic crisis unprecedented in the country's history since independence in 1948 has led to a critical shortage of foreign exchange, that saw it miss two coupon payments on sovereign bonds on April 18.
AirAsia brings back fuel surcharge for all flights
Domestic routes will be charged RM10 and international routes between RM25 and RM60, depending on duration of trip.
Sri Lanka runs out of fuel as dollar crisis worsens
The transport shutdown came as seven-and-a-half hour electricity blackouts also went into effect, the longest scheduled power rationing in over a quarter of a century.