
Sri Lanka reduces fuel prices
Colombo (AFP) -- Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in…
· 1 MIN READ
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Colombo (AFP) -- Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in…
· 1 MIN READ

Even with the pick up in maritime traffic through the strait it would take time for energy markets to recover.
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Some 10,000 liters of UCO can fuel around 166 jeepneys.
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Replacement-cost pricing lets companies re-price against a hypothetical future invoice. The rocket’s engine would have a zero inventory lag on the way up.
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Iran’s Revolutionary Guards announced on Saturday that they had attacked American positions in the Gulf after US strikes on Iran.
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Maharlika’s fuel tank farm buys the country time while energy transition — the one that would materially reduce the country’s 97-percent crude import…
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Motorists could see another week of mixed pump price adjustments as easing global oil prices compete with lingering geopolitical risks that continue to cloud…
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MOSCOW, Russia (AFP) — Standing at a Moscow petrol station, taxi driver Safarali Nazarov said he was so frustrated at being forced to queue for fuel he was…
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TEHRAN (AFP) — Iran’s Revolutionary Guards on Thursday warned against any crossings of the Strait of Hormuz without authorization, saying vessels not complying…
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The United States temporarily suspended sanctions on Iranian oil Monday after Vice President JD Vance said Tehran would allow U.N. nuclear inspectors to return.
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Our inflation is going bonkers at almost a 7-percent clip, which is way over the 2- to 4-percent target of our economic planners.
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The reason was obscene in its very nature; the Marcos government found a way to profit from a war half a world away.
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The BSP’s key policy rate now stands at 4.75 percent. Interest rates on overnight deposit and lending facilities were likewise adjusted to 4.25 percent and…
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Iran had blockaded the strait since the start of the war, sending oil prices soaring and raising fears of a prolonged inflation shock.
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Even with a US-Iran peace deal, returning to pre-war fuel price levels will take another six to12 months.
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The government is not ready to lift the energy emergency declaration despite signs of a breakthrough in United States/Iran peace talks, with Energy Secretary…
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Global oil markets fell sharply at the start of the week after reports of a framework agreement between the United States and Iran raised expectations that the…
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