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Sri Lanka raises interest rates to 21-year high to contain inflation

07 Jul 2022

The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of...

Happy driving

05 Jul 2022

Increase in fuel price is an international phenomenon. We should learn how to accommodate and live with such situations. Whilst I echo everyone’s sentiments this is not the end of...

Taxi fare in Sharjah up by Dhs4, a ride will cost at least Dhs17.5-19.5

03 Jul 2022

Mahmoud Mohsen, Staff Reporter The Sharjah Roads and Transport Authority (SRTA) has raised the taxi tariff in the emirate by Dhs4 as of first of July, based on the...

India imposes windfall tax on oil producers and fuel exporters

01 Jul 2022

India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of...

UAE announces fuel prices for the month of July, Super 98 at Dhs4.63 per litre

30 Jun 2022

Gulf Today, Staff Reporter The UAE energy ministry significantly raised the prices of petrol and diesel for the month of July, taking effect on July 1. The prices of...

No major policy change expected at OPEC+ meet

30 Jun 2022

Opec and Opec+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely this month. At its last gathering in early June, Opec+...

Sri Lanka announces more hikes in fuel prices as US delegation arrives

26 Jun 2022

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island’s dire economic crisis....

Sri Lanka hikes fuel prices as US delegation arrives

26 Jun 2022

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic...

The dilemmas of the oil economy

15 Jun 2022

Oil will remain a crucial factor in the global economy for a long time to come. While supplies of oil is crucial as can be seen from the economic sanctions...

Cash-strapped Sri Lanka announces weekly fuel quotas for motorists

12 Jun 2022

Crisis-hit Sri Lanka announced weekly fuel quotas for motorists on Sunday, as an acute shortage worsened and longer queues formed outside the few pumping stations still operating. Energy minister Kanchana...

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