Fuel tax News

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Local News

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays.

May 18, 2026 at 4:07 AM

Sri Lanka's Ceylon Petroleum Corporation (CPC) has faced a sharp rise in fuel import costs, settling two-thirds of its projected 2026 annual bill within the first four months alone, driven by global market volatility.

18 sources

Sri Lanka’s Fuel Import Spending Spikes: CPC Reports Significant Increase in 2026 Outlays

Image Credit : magzter.com

India

Image Source : newindianexpress.com

India Implements Significant Fuel Price Hike Amid Global Market Volatility.

May 15, 2026 at 6:15 AM

9 sources

Economy

Image Source : thevibes.com

Malaysia Presses Ahead with Fuel Subsidy Reforms Amid Election Speculation.

May 12, 2026 at 4:54 AM

9 sources

Politics

Image Source : cbsnews.com

Trump Backs Federal Gas Tax Holiday Amid Escalating Iran War Fuel Costs.

May 11, 2026 at 6:00 PM

10 sources

Business•

May 10, 2026 at 9:40 AM

How Soaring Fuel Costs Are Boosting Costco’s Retail Dominance.

As gasoline prices exceed $4.50 per gallon, US consumers are increasingly turning to Costco for fuel, driving a significant uptick in both fuel revenue and overall warehouse foot traffic.

4 sources

Middle East

Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households.

May 8, 2026 at 9:15 AM

The Yemeni government has implemented a 24% fuel price hike, citing regional tensions and disrupted shipping. This move has pushed transportation costs higher, severely impacting the livelihoods of ordinary citizens.

10 sources

Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households

Image Credit : aljazeera.com

Local News

Image Source : energy.ec.europa.eu

Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic.

May 8, 2026 at 12:06 AM

6 sources

United States

Rising Fuel Costs Deepen Economic Divide in the United States.

Recent data from the New York Federal Reserve highlights a K-shaped economic divide, where soaring gas prices disproportionately force lower-income households to reduce fuel consumption while higher earners maintain their habits.

May 6, 2026 at 3:44 PM

8 sources

Local News

Image Source : ft.lk

President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.

May 1, 2026 at 2:48 PM

12 sources

National System Operator Files Proposal for Q2 Electricity Tariff Hike

Image Source : adaderana.lk

Local News•

April 28, 2026 at 5:46 PM

National System Operator Files Proposal for Q2 Electricity Tariff Hike.

The National System Operator (Pvt) Ltd. has formally submitted a proposal to the Public Utilities Commission of Sri Lanka (PUCSL) to adjust electricity tariffs for the second quarter, citing recent increases in fuel costs as the primary driver.

29 sources

Economy

Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout.

April 20, 2026 at 3:52 AM

Malaysia's fuel subsidy bill has surged by over 750% due to global oil price hikes linked to the Iran war, though officials insist the nation retains the fiscal strength to support struggling industries.

8 sources

Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout

Image Credit : says.com

Economy

Image Source : usatoday.com

Surging Fuel Costs Force Ride-Hailing Drivers to Recalibrate Earnings Strategy.

April 18, 2026 at 9:55 AM

5 sources

Technology

Image Source : therideshareguy.com

Smart Strategies to Combat Soaring Fuel Expenses.

April 18, 2026 at 9:24 AM

6 sources

Economy

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

April 17, 2026 at 9:45 AM

10 sources

Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension

Image Source : harveyorganblog.com

Economy•

April 16, 2026 at 3:12 PM

Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension.

Citigroup suggests that South Africa maintains sufficient fiscal flexibility to extend its fuel tax relief measures for another two months to mitigate the economic impact of global oil market volatility.

4 sources

United States

Rising Fuel Costs Weigh Heavily on American Economic Sentiment.

April 13, 2026 at 6:20 PM

Record-breaking surges in U.S. gasoline prices, driven by geopolitical tensions in the Middle East, have pushed consumer sentiment to historic lows as citizens struggle with daily transportation costs.