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Rollback was in reaction to decrease in oil prices in world market last week (Eagle News) – Philippine oil companies are set to implement a price rollback of P11.45 price for diesel and P5.45 per liter for gasoline on Tuesday, March 22, in the first ever fuel price reduction this year after 11 straight weeks of price hikes. Kerosene prices will also be reduced by P8.55 per liter. Oil companies already issued their advisories […]
Claims suspending fuel excise tax would largely benefit the rich (Eagle News) – Finance Secretary Carlos Dominguez III said that the government expects to collect P147 billion in taxes this year from fuel, particularly P131.4 billion in excise taxes and P15.8 billion in VAT or value added tax. The funds to be generated from these taxes would be used for the government’s ‘Build, Build, Build” projects, and for the salaries of government employees, including […]
(Eagle News) –Oil prices are again forecast to increase next week, by at least P12 per liter for diesel and by P6.80 to P7 per liter for gasoline. “Expect fuel prices to go up next week,” the forecast from Unioil said posted on its Facebook page on Saturday, March 12. According to the forecast, diesel prices will increase by P12.20 to P12.30 per liter, while gasoline prices “will increase by P6.80 to P7.00 per liter” […]
by Paola Lopez and Santiago Piedra Silva / Paula Lopez and Santiago Piedra Silva QUITO, Ecuador (AFP) — Indigenous and rural Ecuadorans blocked roads in several provinces Wednesday on the second day of protest against soaring fuel prices amid a countrywide state of emergency. On Tuesday, 37 people were arrested, and five police officers, a journalist and at least one demonstrator were injured in the largest protests since conservative President Guillermo Lasso took office in […]
by Ben PERRY Agence France-Presse LONDON, United Kingdom (AFP) – Britain on Monday put the army on standby to help with the ongoing fuel crisis as fears over tanker driver shortages led to panic buying, leaving many of the country’s pumps dry. “Limited number of military tanker drivers to be put on a state of readiness and deployed if necessary to further stabilise fuel supply chain,” the Department for Business, Energy & Industrial Strategy said […]
BEIRUT, Lebanon (AFP) — Lebanese lined up in long queues Tuesday to stock up on cooking gas following warnings of imminent shortages, as an economic crisis eats away at supplies of basic imports. Lebanon, grappling with an economic crisis branded by the World Bank as one of the planet’s worse since the mid-19th century, has been hit in recent months by a wave of shortages of basic items from medicine to fuel. Liquefied petroleum gas, […]
LONDON, United Kingdom (AFP) — British Airways on Tuesday unveiled a partnership with US startup LanzaJet to produce jet fuel aimed at cutting carbon emissions from 2022. The announcement comes as the global aviation industry is looking to bounce back from a collapse in demand caused by the coronavirus pandemic grounding planes. “Despite the crisis in global aviation, it is vital for our future that we continue to address climate change and we remain focused […]
by Maria ANTONOVA Agence France-Presse MOSCOW, Russia (AFP) — An unprecedented fuel spill that has polluted huge stretches of Arctic rivers was caused by melting permafrost, Russian officials said Friday, ordering a review of infrastructure in vulnerable zones. The spill — which has coloured remote tundra waterways with bright red patches visible from space — has highlighted the danger of climate change for Russia as areas locked by permafrost for centuries thaw amid warmer temperatures. […]
by Maria ANTONOVA Agence France-Presse MOSCOW, Russia (AFP) — Russia on Thursday intensified efforts to clean up a major fuel spill that environmentalists say is the worst such accident in the Arctic, as investigators made their first arrest. A diesel reservoir collapsed at a power station outside the northern Siberian city of Norilsk on Friday, releasing 15,000 tonnes of fuel into a river and 6,000 tonnes into the soil, according to Russia’s state environmental watchdog. […]
TOKYO, Japan (AFP) — A robot arm has successfully picked up pebble-sized pieces of radioactive fuel at Japan’s Fukushima nuclear plant in a complex operation seen as key to clean-up efforts after the 2011 meltdown, officials said Thursday. Operator Tokyo Electric Power (TEPCO) on Wednesday sent down a remote-controlled probe to the melted fuel at the bottom of the plant’s reactor 2, one of three that melted down after a massive earthquake and tsunami […]
French Prime Minister Edouard Philippe announced Tuesday new concessions to “yellow vest” protesters, saying planned increases in the price of fuel would be suspended for six months. “No tax merits putting the unity of the nation in danger,” Philippe said in a televised address, adding that the anger on the streets “originates from a profound injustice: of not being able to live with dignity from one’s work”. He added that any future protests should […]
(Eagle News) — Senator Sherwin Gatchalian expressed support for the government’s decision to suspend the second round of excise tax on petroleum products, calling it “very timely.” “Kahit pa bumaba ang presyo ng petrolyo sa nakaraang mga araw at inaasahan na patuloy pa itong bababa sa susunod na taon, sinusuportahan ko ang suspension ng fuel excise tax to give the people a reprieve from the effects of the high inflation rates we had the past […]
