Tag

Fuel Subsidies

All articles tagged with #fuel subsidies

world1 day ago•5 min saved

Iran poised to raise petrol prices again amid sanctions and economic strain

Iran signals another petrol-price increase as Western sanctions and the war deepen economic strain, weighing three options to curb the subsidy bill: keep prices with rationing, give every Iranian a monthly 30-litre quota, or liberalise prices toward refinery costs. A pilot liberalisation was halted amid pushback, quotas have been tightened, and officials warn of inflation and currency depreciation as IMF projections show GDP contraction.

via Al Jazeera|

#fuel-subsidies #inflation #iran

world2 months ago•7 min saved

Russia's fragile fuel fix: looser standards, subsidies, and imports to weather refinery strikes

Russia faces a worsening gasoline shortage driven by reduced refining and Ukrainian strikes on refineries. Moscow is weighing measures such as allowing Euro-3 gasoline/diesel (lower sulfur), cutting the exchange-sale quota from 15% to 10%, and subsidizing imports through a damper mechanism—steps that could cost the budget billions and affect farmers, airlines, and independent stations as the country searches for portables to stabilize supply while tensions with Ukraine persist.

via Meduza|

#fuel-subsidies #gasoline-crisis #refineries

world-news2 months ago•77 min saved

Bolivia in crisis as Paz confronts protests and fuel shortages

Bolivia’s new president Paz faces mounting protests after cutting fuel subsidies, triggering inflation and fuel shortages. Indigenous and rural groups lead demonstrations while Congress stalls on reforms, Morales backs the protests and calls for elections, and the United States has signaled support for Paz amid regional tensions.

via AP News|

#bolivia #evo-morales #fuel-subsidies

world2 months ago•1 min saved

Bolivia on the brink as protests intensify after fuel subsidy cuts

Bolivia’s president urges dialogue amid rising unrest after fuel-subsidy cuts trigger shortages and inflation; road blockades disrupt supplies, Congress moves to grant emergency powers and potential military involvement, and despite government attempts to negotiate, social tensions persist with the economy suffering heavy daily losses.

via BBC|

#bolivia #economy #fuel-subsidies

economy3 months ago•2 min saved

Japan funds $19B energy subsidies with deficit bonds, pledges no net bond issuance rise

Japan unveiled a 3 trillion yen ($19B) supplementary budget to subsidize energy costs and ease living expenses, financed by deficit-financing bonds while insisting overall bond issuance will not rise thanks to stronger tax revenues and underspending; the plan comes amid concerns about rising JGB yields and the potential rise in debt-servicing costs, and a possible consumption-tax cut on food could cut tax revenue by up to 5 trillion yen.

via CNBC|

#bond-market #deficit-financing-bonds #economy

world7 months ago•2 min saved

Bolivian Miners Clash with Police Over Fuel Subsidies

Bolivian miners and protesters clashed with police in La Paz during the second week of demonstrations against President Rodrigo Paz's economic reforms, including the removal of fuel subsidies, which has led to increased fuel prices and economic concerns. The protests involve miners, teachers, and Indigenous groups opposing the reforms, which aim to attract foreign investment and implement economic changes.

via ABC News|

#bolivia #economic-reforms #fuel-subsidies

business3 years ago•3 min saved

Nigeria's Fuel Subsidy Halt Triggers Chaos and Tripled Gas Prices.

Gas prices have almost tripled in Nigeria after President Bola Tinubu announced the end of fuel subsidies, which have kept gasoline prices artificially low for decades. The decision is part of a broader effort to deregulate the country's vital oil sector and attract greater investment into oil and gas. Fuel subsidies are a drain on public finances and have led to widespread abuse and corruption. The move has sparked panic-buying and long lines at gas stations, with some selling at higher prices or stopping sales altogether. The decision has been criticized by trade unions and analysts who warn of increased poverty and violent crime.

via CNN|

#business #deregulation #fuel-subsidies