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GASOLINE SUBSIDIES
Trump’s war means higher global interest rates for years to comeGlobal interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a pe...- Indian economy, government finances, see mounting costs from Iran warIndia's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer,...
- Governments worldwide shield households from rising energy costsNations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...
- Japan's extra budget to include funding from fresh debtJapan plans a new budget to counter Middle East war economic impacts. This may mean more government debt, potentially raising interest rate...
- Gulf shipping standoff hits world’s most vulnerable farmersGlobal supply chain disruptions, exacerbated by international conflicts, are making essential farming inputs scarce and unaffordable for sm...
- From India to China, a look at what governments worldwide are doing to shield households from rising energy costsGovernments globally are implementing diverse strategies to mitigate soaring energy costs stemming from the U.S.-Israeli war on Iran. Measu...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- How Asia-Pacific is fighting a fuel shock that could get worseAsian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly...
- Oil prices surge from Iran conflict boosts global biofuel demandGlobal oil prices are surging due to a war in the Middle East. This is increasing demand for biofuels made from crops. Countries in Asia ar...
- Oil surge elicits tough love from Trump’s Latin American alliesLatin American governments aligned with Donald Trump are facing public backlash as oil price surges, triggered by the US war on Iran, force...
- Bank of Japan says it sees inflation rising on oil price spikeJapan's central bank said Thursday it expected inflation to increase because of the "recent rise in crude oil prices" caused by the Middle ...
- Iran raises gasoline prices for the first time since deadly 2019 protestsIran has introduced a new, higher price for its subsidized gasoline. This move aims to control rising costs due to a weakening currency and...
- As fuel prices rise to record highs, governments look for solutionsThe moves reflect the economic and political risks governments see in the current energy spike, which has been driven by a rebound in fuel ...
- Let ONGC cash grab remain a bad dreamThe explorer’s total production can’t grow too much without new investment.
- Modi has an oil problem and Saudi Arabia is set to make it worseWhile the kingdom is thought to be targeting $80 a barrel, the Indian government has been left to balance political calculations with budge...
- Not just Indians, fuel prices to soon pinch Saudis tooGasoline prices in Saudi Arabia are likely to increase by about 80 per cent in one go.
- Iran to raise gasoline prices by 40 per cent amidst cutting subsidies: ReportThe report said the new prices will take effect from Tuesday morning. Previous attempts to raise prices have sparked dissent.
- Prices for world's cheapest gas may go upVenezuela has the planet's cheapest gasoline: At 12 cents a gallon (3 cents a liter), it costs about 30 times less than bottled water.
- Chavez plans to keep Venezuelan gasoline among world's cheapestPresident Hugo Chavez says Venezuela has no plans to raise state-subsidized gasoline prices anytime soon.
- Honda wants to unveil hybrid car in IndiaHonda Motor said on Friday it has entered talks with Indian authorities over the establishment of regulations to allow the sale of gasoline...
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