About fuel price

With the price of petrol being more than ₹100 in the State, the popularity of battery vehicles have been growing steadily in the city. The sales of battery-operated two-wheelers have grown tremendously ever since people started favouring personal vehicles over public transportation owing to the COVID-19 pandemic. The Commissioner of Transport and Road Safety, which is the nodal authority for keeping tabs of the number of vehicles being registered in the State, has recorded that a total of 22,133 battery-operated vehicles have been sold till June. A senior official said of the total, 19,986 were two-wheelers and 2,147 were other types of three- and four-wheelers. A number of companies, both established and new, have been launching a range of two-wheelers in the battery-operated segments, attracting a section of customers. However, the battery-operated vehicles have also raised safety concerns. The growth in demand for battery-operated vehicles can be attributed to them drastically … [Read more...] about As fuel prices soar, sales of e-vehicles pick up

Fuel thefts from UK filling stations have reached record levels amid soaring pump prices. Industry body the Petrol Retailers Association (PRA) said drive-off incidents – where a motorist fills up and makes no attempt to pay before leaving – have increased by 61% so far this year, compared with the same period in 2021. PRA executive director Gordon Balmer described the number of thefts as “going through the roof” with “10 incidents a day” being reported. Retailers will lose £25 million if the current rate of drive-offs continues for the next 12 months, he said. Recommended Trump ordered armed supporters to Capitol, lunged for steering wheel Metropolitan Police placed under special measures by watchdog Incidents of drivers claiming to be unable to pay for fuel they have already put in their vehicle – such as by forgetting their wallet – have also risen, reaching an annual cost to the sector of £16 million. “You’re looking at nearly £41 … [Read more...] about Fuel thefts up 61% as pump prices keep climbing

Cash-strapped Sri Lanka suspended nationwide fuel sales, except for essential services, for nearly a fortnight as the island faces a rapidly worsening economic crisis. In a press conference held on Monday night, Cabinet spokesperson and Transport Minister Bandula Gunawardana said private vehicles will be barred from buying fuel until July 10, after which the government has promised to ensure the usual supply. Authorities halted bus services between provinces and urged citizens to work from home in a bid to save fuel. Schools also remain shut. “Fuel will be issued only to health, defence, power and export sectors from midnight today until July 10,” Mr. Bandula Gunawardena told reporters. The state-run Ceylon Petroleum Corporation (CPC) will issue diesel and petrol only for essential services with effect from midnight, he said. These services include ports, airports, health, food distribution and agriculture. As fuel shortages intensified over the past couple of weeks, Sri … [Read more...] about Sri Lanka runs out of fuel, comes to a near-standstill

India has said that incitement to violence is the antithesis of peace, tolerance and harmony and the legitimate exercise of the right to freedom of opinion and expression under a constitutional framework plays an important and positive role in strengthening democracy and combating intolerance. Speaking at the UN Security Council meeting on Ukraine Incitement to violence leading to atrocity crimes’ on Tuesday, India’s Deputy Permanent Representative Ambassador R. Ravindra also said that undoubtedly terrorism is the antithesis of all religions and cultures. We need to collectively combat both radicalisation and terrorism,” he said.He said the legitimate exercise of the right to freedom of opinion and expression under a Constitutional framework plays an important and positive role in strengthening democracy, promoting pluralism and combating intolerance. Incitement to violence is the antithesis of peace, tolerance and harmony. India has always believed that a society based on … [Read more...] about Incitement to Violence is Antithesis of Peace, Tolerance and Harmony: India at UN

SACRAMENTO — Gov. Gavin Newsom on Thursday signed into law key elements of a new $307.9-billion state budget, a spending plan centered on gas refunds for 17.5 million taxpayers to soften the sting of high fuel prices and the cost of living. The refunds, varying from as little as $200 for individuals up to $1,050 for couples with children, are the hallmark of the state’s effort to return a portion of an anticipated $101.4-billion surplus back to Californians. The governor and lawmakers also invested heavily in K-12 public education, directed billions of dollars to secure enough power to keep the lights on during heat waves and earmarked $47 billion for infrastructure projects over the next three years. “This budget invests in our core values at a pivotal moment, safeguarding women’s right to choose, expanding health care access to all and supporting the most vulnerable among us while shoring up our future with funds to combat the climate crisis, bolster our energy grid, … [Read more...] about Newsom signs state budget bills, with gas refunds to 17.5 million California taxpayers

PETALING JAYA: The government should continue controlling the price of petrol, energy and electricity and food to curb inflation, say economists. While price changes are cyclical and economists expect inflation to ease for the year end, they have called for the retention of subsidies and more assistance for the low-income groups. Malaysia University of Science and Technology economist Prof Dr Geoffrey Williams and HELP University economist Prof Dr Paolo Casadio said the government should also bring down the electric tariffs. “The reduction of the electricity bills can bring an easing of 0.5% in inflation and at the same time boost the disposable income of the consumers. “We think this manoeuvre could be done again, subsidised by the additional revenues the government gets from the high oil price through the government-linked companies (GLCs) such as Petronas,” they said in a joint reply in an interview. Although it would not be an easy feat, independent economic analyst … [Read more...] about ‘Keep subsidies to stop inflation’

President Joe Biden refused Thursday to ask Saudi Arabia to produce more oil to bring down the cost of gasoline in the United States and around the world. Biden was specifically asked during his press conference in Europe about what he would say to Saudi King Salman bin Abdulaziz Al Saud or Crown Prince Mohammed bin Salman about oil during their scheduled meeting in July. “No, I’m not going to ask them,” he said, noting that he already “indicated” to all the Gulf heads of state his desire for them to produce more oil. “I hope we see them, in their own interest, concluding that makes sense to do,” Biden said. Biden argued that his trip to Saudi Arabia was about Middle East peace negotiations with Israel, not the production of oil. “I’m sure — it’s in Saudi Arabia, but it’s not about Saudi Arabia,” he said. “It’s in Saudi Arabia.” Biden said he was not even sure he would end up speaking to the Saudi leaders. “I’m not even sure; I guess I will see the King and the Crown … [Read more...] about Joe Biden Insists He Will Not Beg Saudi Arabia to Produce More Oil

Bus giant Stagecoach said it has “firmly returned to growth” following recovering customer demand after the pandemic as revenues rose to £1.2 billion. The group saw underlying pre-tax profits more than double to £44.1 million for the year to April 30, up from £17 million the previous financial year, with revenues up 27%. The transport firm added that passenger journeys and commercial sales were at roughly 81% and 91% of pre-Covid levels, respectively, for the week ended June 18. The figures come just days after German asset manager DWS completed its takeover of Stagecoach in a deal worth £595 million. Recommended Trump ordered armed supporters to Capitol, lunged for steering wheel Metropolitan Police placed under special measures by watchdog Martin Griffiths, Stagecoach Group chief executive, said: “I am pleased to report that we have firmly returned to growth in the full year. “We are in a good financial position, supported by … [Read more...] about Stagecoach notches up revenues of £1.2 billion as bus demand recovers

Recovery from the pandemic by Scottish businesses is starting to falter, economic experts have warned. Strathclyde University’s Fraser of Allander Institute made the statement on Thursday as it scaled down its forecast for economic growth in 2023, with the cost-of-living crisis taking a toll on both companies and consumers. The think tank said it now expects growth of 0.5% next year, instead of the 1.5% it previously forecast, due to the impact of rising costs and the likelihood that they will persist for longer than first predicted. In its latest quarterly economic commentary report, the institute said consumers are starting to modify their spending behaviour in response to the ongoing crisis, with more than half reporting they are spending less on non-essential items. A further third of consumers said they are now spending less on essential items such as food and fuel, while the cost of properties is seeing a significant increase. Recommended Over … [Read more...] about Economic recovery starting to falter as cost of living bites, experts warn

Sri Lanka’s government on Thursday proposed amending the constitution to trim presidential powers and beef up anti-corruption powers to help shore up stability and defuse unrest provoked by the country’s worst financial crisis in decades. The South Asian island of 22 million people is close to running out of fuel and has struggled for months to find enough US dollars to pay for essential imports such as food, cooking gas and medicine. President Gotabaya Rajapaksa, who critics blame for the financial crisis for having given key posts to relatives and being slow to seek an IMF bailout, has been under prolonged pressure to step down, though he has said he plans to stay on until his term ends in 2024. Two of his brothers resigned earlier as prime minister and finance minister following weeks of street protests. The proposed amendment, whose draft was published on Thursday, would establish a constitutional council and nine independent commissions to improve governance. The … [Read more...] about Sri Lanka Eyes Trimming Presidential Powers Amid Unrest Over Economic Crisis