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The Latest Breaking News from Petrol

Crisis-hit Sri Lanka hikes fuel prices to record high

Colombo (AFP) - Cash-strapped Sri Lanka sharply hiked fuel prices to a record high on Tuesday, causing further pain to the country's 22 million people in its worst crisis since independence.

AFP

Driving costs: how to save on petrol, insurance and more

With the cost of fuel soaring, there are small changes you can make to save money

The Guardian - UK

Data | Will a cut in Centre’s excise duty on petrol reduce States’ sales tax revenue?

Data show that a drop in the Centre’s excise duty, regardless of the component deducted, reduces the States’ VAT collections

The Hindu

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Relative of slain gangster James Whelan says firebombers will 'get what they deserve'

It comes after the home of James Whelan's mother was attacked with a suspected petrol bomb on Saturday

Dublin Live

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term.

Reuters

Sri Lanka hikes fuel prices, encourages people to work from home

Sri Lanka hiked petrol prices by 20%-24% on Tuesday and also increased diesel prices by 35%-38%, Power and Energy Minister Kanchana Wijesekera said.

Reuters

Chalmers aims to deal with cost pressures

Incoming Treasurer Jim Chalmers has warned inflation is "high and rising", dismissing suggestions that Labor is inheriting a well-performing economy.

AAP

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Confidence stabilises after sharp drop

Consumers confidence perked up slightly in the past week, aided by the drop in the unemployment rate to 3.9 per cent to its lowest level since 1974.

Crikey

Concerns that road user discounts will shift freight from trains to trucks

Government refuses to extend track user discounts to mirror cuts to petrol excise and roads user costs, sparking worries Kiwirail will lose freight customers to higher-emitting trucks

Newsroom.co.nz

Centre depriving Opposition-ruled States of funds: Mamata

West Bengal govt. rules out cut in State taxes on fuel

The Hindu

Sainsbury's petrol station major change that could cost you more at the pump

Supermarket titan Sainsbury's is making a major change to the way it runs 315 of its petrol station forecourts as a response to the Russian invasion of Ukraine

Daily Mirror

Consumers yet to fully benefit from petrol tax cut: Balagopal

79 paise hike in base price of the fuel

The Hindu

Tech & Science Daily: UK Monkeypox cases on the rise

Plus, Europe’s first autonomous petrol station launches

Evening Standard

Inflation in crisis-hit Sri Lanka hits new record

Colombo (AFP) - Sri Lanka's inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food prices rose sharply, official data showed Monday.

AFP

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The New Daily

Petrol prices soar above $2 per litre amid warnings they could rise higher still

Australian petrol prices are on track to reach new record highs in the coming weeks as capital city bowsers soar above $2 per litre.

Edinburgh Live

Sainsbury's confirm new fuel ban coming to every UK supermarket petrol station

Sainsbury's is phasing out the sale of petrol stations as it pledges its support for the people of Ukraine. There will be no Russian diesel available at any of Sainsbury's 315 forecourts.

Reuters

Nepal raises retail fuel price, stoking inflation fears

Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.

Daily Record

Sainsbury's major fuel change will impact all 315 petrol stations

The supermarket-giant will phase Russian diesel out all of their 315 forecourts across the UK by the end of the year.

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Liverpool Echo

Asda, Sainsbury's and Costco: Cheapest petrol prices today

Fuel prices differ across the region, these are the cheapest on May 23

Dublin Live

Garda fears that firebomb attacks could ignite Flashy gang war

The home of a key associate of the Dublin crime boss was targeted in an arson attack late on Saturday night

Dublin Live

Second home in Finglas targeted in suspected petrol bomb attack

It comes after an attack during the early hours of Saturday morning on an innocent family member of James Whelan

AAP

Punishment at the petrol pump: Chalmers

New federal treasurer Jim Chalmers says motorists are being punished at the bowser again, but won't promise to retain the fuel excise cut beyond September.

Crikey

RBA’s Kent explains bond program benefits

RBA assistant governor Christopher Kent has told a conference of the benefits of its bond buying program and now how it intends to unwind it.

The Hindu

Many States reluctant to cut fuel tax

They call for further cuts in Union taxes; Maharashtra bites fuel tax bullet

Daily Record

New Greggs or Costa plan binned for Ayrshire BP petrol station

Five new car park spaces would've been created too.

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