UAE lowers fuel prices for July

The UAE Fuel Price Committee has approved lower fuel prices for July 2026, with prices falling from June levels, reflecting changes in global markets. The approved prices are as...

Major relief: Pakistan's PM Shahbaz announces reduction in prices of petrol, diesel

Prime Minister Shahbaz Sharif on Friday announced a major reduction in petroleum prices, saying the benefits of improved regional economic conditions and lower global oil prices were being passed...

Global stocks rally as investors dive back into tech; oil drops

NEW YORK: Global stocks rallied on Tuesday as investors rushed ‌to buy the latest dip in tech stocks, while oil prices fell after Israel and Iran agreed to halt...

'Strait of Hormuz blockade is a whole-economy shock'

Gulf Today, Staff Reporter WASHINGTON: The recent conflict in the Gulf has become a whole-economy shock with consequences reaching far beyond energy markets, Crescent Petroleum Chief Executive Officer Majid...

Broke or not

India approves $1b fund for airlines as fuel costs surge

India approved a $1 billion support package for airlines on Wednesday to cushion the impact of soaring aviation fuel costs triggered by the Iran war. The conflict has engulfed...

UAE announces fuel prices for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the...

India says retail inflation may accelerate on fuel price rise

NEW DELHI: India's retail inflation could rise as a result of recent fuel ‌price hikes and weaker-than-normal monsoon rains, the country’s ​finance ⁠ministry said in a report on ‌Saturday,...

Gas tax suspension would provide welcome relief

I’m not a knee-jerk anti-tax fellow. While no one enjoys paying taxes, I recognise that federal, state and local levies fund a broad range of critical needs, from schools,...

Double whammy