Auto Industry News

Damascus minibus driver Khaled al-Hassi remembers a time when he could fill his tank with cheap fuel to drive passengers across the Syrian capital and take home enough money for food, drink and a comfortable life.

The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with Russia.

Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices.

A massive oil-fed fire burned near Cuba's supertanker port in Matanzas, as Mexico and Venezuela sent teams to help fight the inferno.

Profit at GAIL will be hit as it rations gas sales after supplies are cut under its long-term deal with a former unit of Russian energy giant Gazprom.

Australia's Greens party threw its support behind the government's climate change legislation, clearing the way for a bill enshrining a pledge to cut carbon emissions by 43% by 2030, but said it would oppose new fossil fuel projects.

U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.

Kishida will instruct his government to come up with additional measures to cushion the economic blow from rising energy prices.