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Fuel taxes News

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India

India Implements Significant Fuel Price Hike Amid Global Market Volatility.

May 15, 2026 at 6:15 AM

India has increased petrol and diesel prices by 3 rupees per litre for the first time in four years, citing intense pressure from global crude oil markets and rising import costs.

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India Implements Significant Fuel Price Hike Amid Global Market Volatility
Image Credit : newindianexpress.com
Technology
Rising Fuel Costs Driving Consumers Toward EVs, Says BYD Executive
Image Source : autonews.com

Rising Fuel Costs Driving Consumers Toward EVs, Says BYD Executive.

May 13, 2026 at 12:44 PM
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Politics
Trump Backs Federal Gas Tax Holiday Amid Escalating Iran War Fuel Costs
Image Source : cbsnews.com

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

May 11, 2026 at 6:00 PM
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Business

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.

May 10, 2026 at 9:40 AM
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Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households
Image Source : aljazeera.com
Middle East•
May 8, 2026 at 9:15 AM

Soaring Fuel Costs Trigger Economic Crisis for Yemeni Households.

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.

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Local News

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

May 8, 2026 at 12:06 AM

Energy experts and officials have raised concerns over the opaque fuel pricing mechanisms used in electricity tariff calculations, suggesting that the burden of subsidized diesel is being unfairly shifted to electricity consumers through inflated prices for Heavy Fuel Oil and naphtha.

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Hidden Costs in Fuel Pricing Cast Doubt on Electricity Tariff Logic
Image Credit : energy.ec.europa.eu
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
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Local News
President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures
Image Source : ft.lk

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

May 1, 2026 at 2:48 PM
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Local News
National System Operator Files Proposal for Q2 Electricity Tariff Hike
Image Source : adaderana.lk

National System Operator Files Proposal for Q2 Electricity Tariff Hike.

April 28, 2026 at 5:46 PM
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Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout
Image Source : says.com
Economy•
April 20, 2026 at 3:52 AM

Malaysia Faces Ballooning Subsidy Costs Amid Regional Conflict Fallout.

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.

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Economy

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

April 18, 2026 at 9:55 AM

Rising gasoline prices triggered by geopolitical instability are forcing full-time rideshare drivers to become more selective with trip acceptance and adopt fuel-saving driving habits.

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Surging Fuel Costs Force Ride-Hailing Drivers to Recalibrate Earnings Strategy
Image Credit : usatoday.com
Technology
Smart Strategies to Combat Soaring Fuel Expenses
Image Source : therideshareguy.com

Smart Strategies to Combat Soaring Fuel Expenses.

April 18, 2026 at 9:24 AM
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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
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Economy
Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension
Image Source : harveyorganblog.com

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

April 16, 2026 at 3:12 PM
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Rising Fuel Costs Weigh Heavily on American Economic Sentiment
Image Source : businessinsider.com
United States•
April 13, 2026 at 6:20 PM

Rising Fuel Costs Weigh Heavily on American Economic Sentiment.

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.

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Local News

Government Announces New Fuel Subsidy Program for Fishing Sector.

April 7, 2026 at 3:59 AM

The Cabinet of Ministers has approved a new fuel subsidy scheme for the Sri Lankan fishing industry, set to launch on April 20, 2026, to alleviate operational costs for small and multi-day vessel operators.

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Government Announces New Fuel Subsidy Program for Fishing Sector
Image Credit : thestar.com.my
Local News
Government Approves Price Relief Mechanism for Petrol and Diesel Amid Global Market Instability
Image Source : ceylonwire.lk

Government Approves Price Relief Mechanism for Petrol and Diesel Amid Global Market Instability.

April 7, 2026 at 12:51 AM
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Economy
Why Consumer Spending Remains Resilient Despite Soaring Fuel Costs
Image Source : timesofindia.indiatimes.com

Why Consumer Spending Remains Resilient Despite Soaring Fuel Costs.

April 6, 2026 at 5:58 PM
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Local News
Government Implements Fuel Price Relief Measures to Cushion Economic Impact
Image Source : ada.lk

Government Implements Fuel Price Relief Measures to Cushion Economic Impact.

April 6, 2026 at 3:01 PM
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Global Aviation Sector Faces Turbulence as Jet Fuel Crisis Triggers Flight Cancellations
Image Source : politico.eu
Economy•
April 5, 2026 at 9:52 PM

Global Aviation Sector Faces Turbulence as Jet Fuel Crisis Triggers Flight Cancellations.

The ongoing conflict involving Iran has severely disrupted global oil supply chains, causing jet fuel prices to surge and creating critical shortages. Major airlines, including United and several European carriers, are responding by cutting routes and cancelling flights.

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