Auto Industry News
Spiralling Fuel Costs Hit Damascus Drivers
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.
Ukraine To Resume Excise Tax On Fuel To Replenish Budget During War
Aug 21, 2022 11:14 PM
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.
Myanmar To Import Russian Oil, Military Says
Aug 21, 2022 11:12 PM
Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices.
Cuba Fire Rages At Fuel Storage Port; Mexico, Venezuela Sending Help
Aug 21, 2022 07:12 PM
A massive oil-fed fire burned near Cuba's supertanker port in Matanzas, as Mexico and Venezuela sent teams to help fight the inferno.
India’s GAIL Faces Profit Hit Over Gas Supply Cut - Report
Aug 21, 2022 06:59 PM
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 Back Climate Law But Vow To Fight Coal, Gas Projects
Aug 21, 2022 06:56 PM
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.
Wall Street Rallies On Economic Data, Crude Falls As Stockpiles Jump
Aug 21, 2022 06:49 PM
U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday.
Japan PM Kishida Pledges New Steps To Deal With Rising Fuel Prices
Aug 21, 2022 06:44 PM
Kishida will instruct his government to come up with additional measures to cushion the economic blow from rising energy prices.
Virat Kohli & Anushka Sharma Seen Taking A Scooter Ride Over The Weekend
Aug 21, 2022 05:07 PM
Virat Kohli was seen with his wife Anushka Sharma on a Suzuki Access 125 scooter wearing full faced helmets.