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India''s post-pandemic eco recovery progressing well: Ashima Goyal
08:12am, Sunday, 13'th Mar 2022 The Hindu BusinessLine
“The recovery will continue but persistently high oil prices could cause some moderation in growth,” the economist added.
Calls to reduce fuel tax as prices rise
07:21am, Sunday, 13'th Mar 2022 The Daily Telegraph
The federal government is under pressure to reduce its fuel tax to ease the burden of rising petrol prices. South Australian Premier Steven Marshall has written to the Prime Minister, asking for action in the upcoming federal budget. Average unleaded prices have increased to $2.20 a litre and could reach $2.50 a litre within weeks.
India GDP growth forecast cut to 7.9%: Morgan Stanley
06:53am, Sunday, 13'th Mar 2022 The Times of India
As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. India is also affected by tighter financial conditions influencing business/investment sentiment.
India GDP growth forecast cut to 7.9%: Morgan Stanley - Times of India
06:53am, Sunday, 13'th Mar 2022 The Times of India
India Business News: As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basi
Marketers Blame Diesel Hike On Clampdown On Illegal Refineries
06:48am, Sunday, 13'th Mar 2022 BizWatch Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has blamed diesel scarcity on the recent clampdown on illegal refineries in the country. According to the association, the illegal oil facilities were producing diesel in manageable volumes for the market, which reduced the cost of locally produced diesel when compared to the imported product. BizWatch Nigeria understands that as of Friday, March 11, 2022, a litre of diesel was sold for N655. Continue reading Marketers Blame Diesel Hike On Clampdown On Illegal Refineries at BizWatchNigeria.Ng.
China plans to take advantage of Big Oil exodus from Russia
06:35am, Sunday, 13'th Mar 2022 Business Traffic
Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know. It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike …
Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23
06:34am, Sunday, 13'th Mar 2022 Business Standard
As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent
Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23
06:34am, Sunday, 13'th Mar 2022 Business Standard
Read more about Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23 on Business Standard. As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India''s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent
People Know Why Petrol Prices Rising: Aussie PM
02:45am, Sunday, 13'th Mar 2022 The Epoch Times
Scott Morrison believes Australians understand why petrol prices are going up but won’t say whether there will be help in the budget at the end of the month through a cut in fuel excise. Some parts of the country are paying well over $2 per litre as a result of global oil prices spiking due […]
Economy under fire: Getting the country ready for the approaching danger
02:32am, Sunday, 13'th Mar 2022 Independent Ireland
The joke cracked by one senior Coalition figure last week was that the sharp drop in the cost of a barrel of oil on Wednesday was in response to the Irish G overnment''s announcement of a temporary reduction in excise duty on fuel.
After freezing out Putin, Biden warms to other autocrats
02:27am, Sunday, 13'th Mar 2022 The Australian Financial Review
The US president is courting Venezuela and re-engaging with Saudi Arabia to overcome his oil sanctions against Moscow.
Frydenberg urged to cut fuel tax amid soaring petrol prices
01:24am, Sunday, 13'th Mar 2022 Australian Broadcasting Corporation
SA Premier Steven Marshall writes to the federal government asking it to reduce the fuel excise in the next budget, amid record petrol prices across Australia.
Indonesia to India: How oil''s surge is impacting Asia stock markets
01:24am, Sunday, 13'th Mar 2022 Business Standard
The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries
Energy bills to rise 14 times faster than wages as cost of living surges, TUC says
01:21am, Sunday, 13'th Mar 2022 The Independent
Union calls for windfall tax on oil and gas
Scott Morrison leaves open possibility of petrol excise cut in budget
01:03am, Sunday, 13'th Mar 2022 The Guardian
Prime minister said cutting fuel excise did little compared to soaring prices, but did not rule the measure out Get our free news app ; get our morning email briefing Follow our Australia news live blog for the latest updates Scott Morrison has left open the possibility of cutting petrol excise in the budget, as soaring fuel prices after the Russian invasion of Ukraine add to cost of living pressures. On Sunday Morrison told Channel Nine that price fluctuations are greater than any potential savings from a cut to petrol excise, but did not rule out the populist measure – twice responding that “the budget is at the end of the month” when asked to do so. Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…
