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The Antimonopoly Committee said it had identified cases of manipulation in the rise in petrol prices. The deputy chairman of the committee said that necessary measures would be taken and that there would be a change in prices in the next 10 days..

Residents in Southeastern Nigeria paid the highest average prices of Premium Motor Spirit (PMS), commonly known as petrol, in the month of October, at N167.32 per litre, while the Northeast paid the least average price at N164.46. This was disclosed by the National Bureau of Statistics (NBS) in its “Premium Motor Spirit (Petrol) Price Watch […]

Arab NewsDUBAI: Tehran has reported an explosion at an

The Prime Minister also threatened that petrol prices and electricity prices would go up if he is turfed out of office next year and said the Coalition will manage the economy better.

Hardeep Singh Puri tells Reuters on the sidelines of an oil and gas conference in Abu Dhabi that when "petrol prices are - and diesel prices - are going literally through the roof, obviously, we are concerned".

In a bid to ensure availability of Premium Motor Spirit popularly known as petrol, the Nigerian National Petroleum Corporation has dispatched 183 trucks with a total of 8.13 million litres into the Federal Capital Territory, its environs and four other states. The move is part of measures aimed at ensuring that Nigerians have adequate supply []

After years of tribal requests, the president plans to block new oil and gas leases within 10 miles of Chaco Canyon in New Mexico. The ban is likely to generate strong pushback from industry.

The UK should set an example to the rest of the world by not opening new coal mines and oil fields even if this means importing fossil fuels from abroad, a former cabinet minister has said.

The prices of international oil derivatives during the second week of November showed a drop in gasoline prices, while the prices of diesel have increased compared to the first week of the same month, according to data released on Monday by the Ministry of Energy and Mineral Resources.The data showed

The export duty on Russian oil will increase by $6.3 to amount to $77.5 per ton from December 1, 2021, Report informs, quoting a report of the Russian Finance Ministry.

The Haryana Petroleum Dealers Association has planned a nationwide strike for Monday to protest the union government''s abrupt decision to lower central excise duty, resulting in the loss of petrol station owners. The strike, which began this morning at 6 a.m., will end at 6 a.m. on Tuesday. "We demand that the government increase our commission and compensate us for the losses we have sustained as a result of the excise duty drop. Dealers have lost lakhs as a result of the Centre''s decision to lower the price of fuel and diesel; consequently, we want payment for our losses "Palwinder Singh, the Association''s senior state vice president, stated. Dealers have lost lakhs of dollars as a result of the Centre''s decision to decrease VAT on gasoline and diesel, according to Singh. "As a result, we demand payment for our losses." The Finance Ministry said that the excise duty on gasoline will be reduced by Rs 5 and that on diesel will be reduced by Rs 10. To provide relief to consumers, it recommended governments to "commensurately lower" VAT on gasoline and diesel.

In 2020, the total oil product consumption of the Philippines'' transport sector totaled approximately 82.35 million barrels, accounting for the largest share of the country''s total oil product consumption. This was followed by the services sector at around 20.12 million barrels. In comparison, the agricultural sector consumed just over 1.6 million barrels of oil products that year.

Urban taxi drivers on Monday announced they will proceed with an indefinite strike starting Tuesday citing discrimination against them and saying that officers are trying to prevent them from crossing to the north for cheaper petrol. Supported by the Pancyprian intercity taxis, the work stoppage will start at 6.30am on

In 2020, the electricity consumption of the agricultural sector in the Philippines amounted to approximately 222 thousand of oil equivalent. The consumption of electricity accounted for the largest share of final energy consumption of the agricultural sector that year. In comparison, biodiesel consumption reached four thousand tons of oil equivalent.

The Organization of the Petroleum Exporting Countries (OPEC) and allied oil-producing countries rebuffed pressure from U.S. President Joe Biden to pump significantly more oil and lower gasoline prices for American drivers, deciding to stick with their plan for cautious monthly increases even as The post OPEC To Sustain Cautious Oil Production appeared first on City Business News .