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.
Sri Lanka suspends fuel sales as economic crisis worsens
The government says the sales ban is to save petrol and diesel for emergencies.
Sri Lanka left with fuel stocks for around 5 days, minister says
The stocks cover fuel for vehicles, some industries and essential services.
Average price of US petrol tops US$5 per gallon in historic first
US road travel has remained relatively strong, although economists expect demand may start to decline if prices remain above US$5 a barrel for a sustained period.
Petrol prices hit new record in US
The record-high prices are upsetting Americans, as they come on top of a general 8.5% price increase compared to March 2021.
Fuel subsidies surged by up to 10 times since 2021, says finance minister
Tengku Zafrul Aziz says subsidies for petrol, diesel and liquefied petroleum gas increased from RM200 million for January 2021 to more than RM2 billion for January 2022.
