Pakistan raises petrol, diesel prices by record amount
Consumer prices in the country of 241 million people rose 27.4% in August.
Industry players, economists pan govt's plan for non-subsidised petrol stations
They say the problem lies in enforcement and the establishment of laws to prevent foreign drivers from buying petrol meant for Malaysians.
Formulation of targeted subsidy mechanism for petrol not easy, PM says
He says the government is mulling over working papers and proposals to ensure an effective and timely implementation of the mechanism.
Petrol station owner fined RM40,000 for letting foreign-registered vehicle use RON95
This is said to be the first case of such an offence brought to court.
Govt could save up to RM17 billion if T20 not given fuel subsidies, says deputy minister
Ahmad Maslan says in 2022, consumption of fuel by the B40 was only 24%, compared to 41% by the M40 and 35% by the T20.
Petrol subsidies based on JPJ data won't work, say experts
Not all vehicles with large engines are a sign of wealth in owners, and giving subsidies based on horsepower will lead to an influx of modified engines, they say.
French petrol supply improving but Paris area still having problems, minister says
TotalEnergies has been hit by strikes at its refinery sites in France for nearly a month now, as workers protest for a higher salary increase that they say would better reflect rising inflation.
French petrol stations run low on fuel as strikes disrupt supplies
Most urban petrol stations appear to be affected by shortages of at least one type of fuel, with most diesel pumps running dry.
US Treasury's Yellen says oil prices could spike in winter
The possible price increase could come because the EU 'will cease for the most part buying Russian oil' and impose a ban on services that allow Russia to ship oil by tanker, she says.
Indonesia hikes fuel prices to rein in ballooning subsidies
Fuel prices are politically sensitive in Indonesia, and the changes will have major implications for households and small businesses, as subsidised fuel accounts for more than 80% of state-owned oil giant Pertamina's sales.
Electric vehicles, green enough to help save the environment?
While they are often touted as a cleaner alternative to combustion engines, electric vehicles come with their own set of question marks.
Protesters meet Ecuador govt after rejecting fuel price cut
Fuel prices, which are subsidised in oil-producing Ecuador, have risen sharply since 2020, almost doubling for diesel from US$1 to US$1.90 per gallon and swelling from US$1.75 to US$2.55 for gasoline.
