Singapore Grab rides to cost more as operator lifts fuel surcharge by 40 cents, launches S$1.1m support package
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Singapore Grab rides to cost more as operator lifts fuel surcharge by 40 cents, launches S$1.1m support package
SINGAPORE, March 31 — Grab will temporarily raise its fuel surcharge by 40 cents (RM1.26) from April 7 as fuel prices continue to climb. In a report by The Straits Times, the operator told users in an e-mail today that the fee will increase from 50 cents to 90 cents for all trips except those taken»»»
Rumours, rush and reassurances: 30% rise in fuel consumption due to Panic buying across Uttar Pradesh
LUCKNOW: The fuel situation in Uttar Pradesh is not a crisis of supply but one of sudden and excessive consumption, driven largely by rumours and misinformation. In Lucknow alone, daily fuel consumption on IOCL’s fuel stations jumped sharply between March 21 and March 25, rising from around 7.23 la»»»
Nigerians in Lagos grapple with rising pump prices
Nigerians in Lagos are grappling with rising pump prices, as the ongoing conflict in the Middle East continues to disrupt global oil supply and push up living costs. At gas stations across the city, petrol was priced at above 1,000 naira (US$0.73) per liter on Monday, after the latest increase last»»»
Return of the oil shock: lessons from a crisis New Zealand has seen before
The world’s energy situation is growing more volatile by the day. The US-Israel war on Iran has effectively shut one of the world’s most important oil choke points, the Strait of Hormuz, sending the price of Brent crude over US $100 a barrel for the first time since the Russian invasion of Ukraine.»»»
Workers are given every Wednesday off to tackle fuel shortages
Sri Lanka has ordered a nationwide four-day working week, giving public sector staff every Wednesday off as the country scrambles to save fuel amid fears of looming shortages. The drastic measure comes as the island nation reels from the fallout of the US and Israel's war with Iran, which has choke»»»
India's state-owned fuel retailers seek advance payments from dealers as global price surges
Fuel pump owners across India are now required to pay in advance for gasoline and gasoil. State-owned fuel companies are facing significant revenue losses. This change impacts dealers who also operate on credit. The move comes as global oil prices surge, but retail prices remain unchanged to protec»»»
Sri Lanka announces four-day work week over fears war will drag
COLOMBO: Sri Lanka announced a shorter work week to conserve its scarce fuel reserves as it prepares for a prolonged war in the Middle East, officials said Monday (Mar 16). The Strait of Hormuz, a key waterway through which some 20 per cent of global exports pass in peacetime, has been effectively »»»
Are fuel price increases making you cut back? We would like to hear from you
The conflict in the Middle East has disrupted global shipping routes and caused a surge in global oil market prices. The strait of Hormuz, one of the most important waterways in the world, through which about a fifth of international oil supplies usually travel, has been all but closed since the st»»»
Oil shock and the import trap
KARACHI: The conflict in the Middle East has once again created a wave of uncertainty amid increasing volatility in oil prices. Although the conflict is external, the implications for the domestic economy are significant. At the time of writing, Brent and West Texas Intermediate (WTI) crude oil pri»»»
Stopping exports is ‘last resort’: Malaysia Deputy PM
PETALING JAYA - Halting general petroleum exports will be the last resort of the government if the ongoing Middle East conflict worsens in Malaysia, says its Deputy Prime Minister Fadillah Yusof. Mr Fadillah said this was because PETRONAS has existing commitments. “Stopping exports will be the last»»»
Stopping exports is ‘last resort’
Govt preparing for all possible outcomes of Middle East conflict, says DPM PETALING JAYA: Halting general petroleum exports will be the last resort of the government if the ongoing Middle East conflict worsens, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister said this was because PETRONAS»»»
"Crisis for common people of our country": Shashi Tharoor urges govt to act on LPG constraints
Thiruvananthapuram (Kerala) [India], March 14 (ANI): Congress MP Shashi Tharoor on Saturday described the LPG constraints across the country as a serious crisis affecting households and the restaurant industry.He urged the government to acknowledge the problem, boost gas supplies, and take a leadin»»»
What are the consequences of war in the Middle East for African countries?
As oil prices soared to more than $100 a barrel this week, what will the economic consequences of the war in the Middle East be for African countries? Which sectors are most at risk? RFI spoke to Guinea-Bissau economist Carlos Lopes, former executive secretary of the United Nations Economic Co»»»
Rising Petrol Prices Global, Not Peculiar To Nigeria, Tinubu’s Aide Knocks Obi Over Critique
Dada Olusegun, Special Assistant to President Bola Tinubu on Social Media, has rebuked Peter Obi over his comments on Nigeria’s rising petrol prices. Olusegun made the remarks in a post on X on Saturday, responding to a statement by Obi published on ... »»»
No shortage yet, but Iran war puts Mumbai’s gas supply on edge
Mumbai: Even as the war in West Asia has severely disrupted liquefied petroleum gas (LPG) supplies in the city, the coming week will be crucial in determining whether the supply of compressed natural gas (CNG) for vehicles and piped natural gas (PNG) to households will also be impacted. Auto-ricksh»»»
Dangote: Tinubu presidency keeps mum as fuel price hits N1,400 per liter
Nigerians are in serious trouble as the premium motor spirit price rose to N1,400 per liter and Automotive Gas Oil (diesel) to N1,750 after Dangote Refinery hiked its gantry fuel price to N1,175 pe ... »»»
Fuel Stocks Shock: Pakistan Shuts Schools for Two Weeks? Shehbaz Sharif Orders 50% Fuel Cuts, 4-Day Workweeks to Survive Iran War Oil Crisis
0 Pakistan’s Prime Minister Shehbaz Sharif ordered a two-week school shutdown and sweeping government austerity Monday, slashing fuel allowances by 50% and pulling 60% of official vehicles off roads to combat skyrocketing oil prices from the Iran war’s Strait of Hormuz blockade. With petrol leaping»»»
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