Tag: diesel
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Oil falls but on track for 8% weekly gain on supply concerns; US diesel hits record high
Sept 11 : Oil prices fell on Friday but remained on course for a weekly gain of more than 8 per cent while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.Brent crude futures were down $3.45, or 3.21 per cent, to $104.18 a…
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US producer inflation tops expectations as diesel costs jump
WASHINGTON: US wholesale inflation picked up more than expected in August, government data showed on Thursday (Sep 10), driven by higher energy costs in the month – particularly for diesel – as the US war with Iran continued.Rising prices at the pump are squeezing US households and businesses weeks ahead of k
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Oil ends week higher on renewed US-Iran strikes, diesel hits record
HOUSTON, Sept 4 : Oil prices rose on Friday, ending the week substantially higher after the United States and Iran resumed military exchanges in the seventh month of their conflict, while retail U.S. diesel prices hit a record high.Brent crude futures settled at $92.68 a barrel, up 76 cents, or 0.8 per cent.�
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US diesel prices hit an all-time-high
Fuel prices have soared since the Iran conflict began at the end of February, mirroring the surge in wholesale oil prices.
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Malaysia says new diesel subsidies can save millions to benefit citizens, but experts flag fiscal risks
Malaysia’s move to lower diesel prices to RM2.10 (US$0.50) per litre for all citizens could squeeze the government’s fiscal space if oil prices rise again, analysts warn.
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Malaysia to cut price of diesel nationwide from July
KUALA LUMPUR: Malaysia will lower the price of diesel to RM2.10 (US$0.51) per litre nationwide for its citizens from July after the current difference in prices between subsidised and unsubsidised diesel led to smuggling and revenue losses.Diesel is currently sold at a subsidised price of RM2.15 per litre in
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