Pakistan and the IMF have worked out the outlines for the release of over $900 million in funds that would come through once Pakistan removes its fuel subsidies,
Currently, with the increase in fuel prices, the taximeter starts from Dhs7 during the time between 8:00am and 10:00pm with a minimum fare of Dhs17.5, and during the time between 10:00pm and 6:00am, starts from Dhs9 with a minimum fare of Dhs19.5.
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 the era.
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 underlying demand, it said.
Oil prices gained for a fourth straight session as data showed a drawdown in US crude stockpiles, adding to ongoing worries of tight supply, which have offset concerns over a weaker global economy and demand.
As the prices of all types of fuel exceeded the Dhs4-mark for the first time in the history of the UAE.
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
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 against Russia in the wake of the Russian invasion of Ukraine, pushing up oil prices and with rising inflation in many economies
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.