Topic
30 stories in this topic
The Australian government has announced plans to further alleviate the financial strain on motorists impacted by the ongoing conflict in the Middle East. The Prime Minister, Anthony Albanese, is expected to confirm that the nation’s petrol price relief…
In April, Singapore’s retail sales growth accelerated, with most sectors, especially petrol service stations, experiencing significant advancements. The Department of Statistics reported a 4.5% rise in retail sales, excluding motor vehicles, parts, and…
India’s diesel consumption slowed in the first half of September from the previous month, staying below pre-COVID levels as a pick-up in monsoon rains hit mobility and demand for fuel from the agriculture sector, preliminary sales data showed. Diesel sales by…
Oil prices fell about 1% lower on Friday, posting to their steepest weekly losses in months, on worries that travel restrictions to curb the spread of the Delta variant of COVID-19 will derail the global recovery in energy demand. Crude futures also came…
The oil companies on Sunday, yet again, increased the fuel prices across all the metro cities resulting in a hike of 21 paise and by up to 31 paise in prices of petrol and diesel, respectively. As the price hike continues, the petrol rates on Saturday…
India’s annual fuel demand grew 0.2% in 2019/20, its worst growth rate in over two decades, dragged down by a hefty 17.8% decline in local consumption in March as steps taken to prevent the spread of COVID-19 dented transport fuel sales. Consumption of…
Petrol prices continued to decrease for the third consecutive day on Tuesday, but the diesel prices remained stable after two days of decline. In Delhi, Kolkata and Mumbai the petrol prices were cut by 11 paise a litre, while in Chennai it was down by 10…
Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday. According to Indian Oil Corporation website, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on…
Fuel and convenience retailer Caltex is planning to undertake an initial public offering (IPO) of up to a 49 percent stake in 250 retail sites. The retailer would retain a majority 51 percent interest and enter into a long-term lease agreement for each site.…
Petrol prices have surged in Delhi, Mumbai, Kolkata and Chennai, seeing a hike of 16 paise/litre. The upward trend in petrol rates continued on the fifth consecutive day on Monday, while the diesel prices remained constant for the sixth day in continuation.…
Petrol prices continued a downward trend for the fifth consecutive day on Tuesday, while diesel prices remained unchanged after a slight dip on Monday. Delhi, Kolkata, Mumbai and Chennai saw a reduction of 5 paise/litre in petrol prices. According to the…
Fuel price rates continued a downward trend for the second day on Friday. Delhi, Kolkata, and Mumbai saw a decline of 18 paisa a litre on petrol and Chennai 19 paisa per litre. Similarly, diesel rates also reduced by 8 paisa a litre in Delhi, Kolata and…
The leader of Caltex Australia for the past decade has announced his upcoming retirement. Managing director and chief executive Julian Segal, who started at the petrol and convenience business in 2009, will stay on board until a suitable replacement is found.…
Maruti Suzuki’s move to phase-out all diesel models within a year has certainly raised eyebrows. Tata Motors also in the past has said that it will only convert its 1.5-litre and above displacement diesel engines to BS6 and the low displacement diesel engines…
Petronas Gas Bhd’s net profit fourth quarter ended Dec 31, 2018 fell 34.7% to RM317.90 million from RM486.70 million a year ago, largely attributed to share of losses from a joint venture company, Kimanis Power Sdn Bhd. The losses were due to de-recognition…
RAM Ratings, which expects inflation to inch up to 0.3% in December 2018 from 0.2% in the previous month, has revised its full-year headline inflation forecast for 2019 to 2.0% from 2.7%. The rating agency said in a statement that inflation in December 2018…
