India confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crun...

Speculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urge...

Brent crude has surged to $125 per barrel due to escalating West Asia conflict and severe disruption at the Strait of Hormuz, a key global ...

Pakistan's energy vulnerability is highlighted as Petroleum Minister Musadik Malik revealed that Islamabad possesses only a few days of cru...

Asian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly...

The IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing pr...

The finance ministers of 11 countries including Britain and Japan called Wednesday for "coordinated emergency support" to help countries hi...

The International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict kee...

Global finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediat...

Global finances face new pressure from the Middle East conflict. Rising energy prices and interest rates strain economies. The IMF advises ...

A report by the International Monetary Fund studied both implicit and explicit subsidies for fossil fuels. This study was conducted across ...

Pakistan will default if the government does not abolish the subsidies on petroleum products, Finance Minister Miftah Ismail has said, warn...

Fuel prices rose 20% on Friday, causing long lines to form at filling stations as the news spread. The new price of petrol will be 179.86 r...

After the increase, the price of petrol will be at Rs 179.85, diesel at Rs 174.15, kerosene at Rs 155.95 and light diesel at Rs 148.41.

The figure of Rs 2,600 per annum has been arrived at through simulation that replaces food and fuel subsidies in India with a UBI.

Drop in oil prices provides a golden opportunity to cut energy subsidies and use the savings for more targeted transfers to protect the poo...

The IMF in its annual report also welcomed government's move towards direct cash transfer of subsidies using the Unique Identification Auth...