The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
As the country battles with the fallout of rising crude, it is time for the policy makers to relook at the faulty pricing policy of petroleum products. More often than not, the blame of high crude prices is laid on the taxes - customs duty, sales tax and excise duties …
US environmental advocates are nervous that record crude oil prices will lead to a boom in production of fossil fuels like motor fuel from coal, Canada's tar sands, or shale in Colorado that would emit more planet-warming gases than conventional oil. "High oil prices are a double-edged sword," said Deron …
High oil and food prices are a double blow no nation can dodge entirely. Even oil states like Iran are seeing food-price protests. But there's a small class of farm-and-gas exporters for whom the dual spike is more opportunity than threat. Canada, Brazil, Vietnam and Thailand are all enjoying the …
Petrol and diesel prices have marginally increased from Friday midnight consequent to a corresponding hike in the commission for petroleum dealers by the Union Ministry of Petroleum and Natural Gas. Revision In the city, the increase of three paise on petrol, taking the retail price of a litre of the …
The prices of diesel and kerosene have registered a sudden increase in Barisal over the couple of days reportedly due to artificial supply shortage created by a section of traders. Local said diesel and kerosene prices had increased in the city by Tk 7.00 to 10.00 per litre. Oil depot …
While most companies are watching soaring oil prices with an eye on rising costs some renewable energy executives are licking their lips at the prospect of "spectacular" growth. Oil sped above $135 to a new record for a third straight day on Thursday. That and new forecasts of a higher …
Melbourne's unleaded petrol reached an all-time high yesterday of 162.9 cents a litre for unleaded fuel. More than 100 petrol stations across the city were charging the record figure, before dropping the price back to 159.9 cents. Retail prices for petrol, diesel and oil have risen worldwide due to political, …
China Natural Gas Inc is speeding up its expansion plans and looking to a Nasdaq listing as soaring crude oil prices make cleaner energies more attractive, Chief Financial Officer Guo Lihong said on Monday. The provider of compressed natural gas (CNG) and liquefied natural gas (LNG) believes China's efforts to …
Lakhs of vehicle owners in metropolitan cities and major towns will now have to shell out Rs.3 to Rs.4 a litre more for "buying petrol and diesel' as State-run Oil Marketing Companies (OMCs) have "decided' to sell only expensive "branded premium fuel' at these places. The move, which probably has …
By Paul Krugman I have seen the future, and it works. O.K., I know that these days you're supposed to see the future in China or India, not in the heart of "old Europe." But we're living in a world in which oil prices keep setting records, in which the …
The time has come to look afresh at the management of the food economy in order to ensure food security--------- Food security, specially for the poor and vulnerable sections of our population has always been the centrepiece of our policy ever since independence. In 1947, the scars of the Bengal …
Hard pressed by soaring fuel prices, people in Blochistan, the main provider of domestic natural gas, are unable to get the relatively low-priced compressed natural gas. There are only three CNG stations in Quetta and one in Hub and these are unable to cope with the demand. Like in other …
Crude oil prices on Friday hit a fresh record high of almost $128 a barrel boosted by a bullish forecast from Goldman Sachs and as US President George W. Bush asked Saudi Arabia, the world's largest oil producer, for help to lower skyrocketing energy prices. Bush, on his second visit …
BEIJING: China, India and other nations that subsidize gasoline and diesel prices may be even less willing to raise prices than they were six months ago, aiding crude's ascent toward $130 even as demand deteriorates elsewhere. While Indonesia appears set to raise prices this month, the world's fastest-growing oil users …
Bangladesh calls for immediate global action to address three major global challenges - food crisis, increased oil price and climate change. Ambassador and Permanent Representative of Bangladesh to the United Nations, Ismat Jahan, made this call while speaking on behalf of the least developed countries at the high level segment …
More commuters are turning to bicycles today for national Bike-to-Work Day as gas prices continue to reach record highs. "It's going to be the biggest yet," says Bill Nesper of the League of American Bicyclists, which promotes May as national Bike Month. "Our phone is ringing off the hook. We're …
It's US National Bike to Work Day on Friday and Americans are facing record high gasoline prices, but most commuters will stick to their cars. The combination of gas near $4 a gallon and the annual campaign to get people to pedal to work may prompt a few more people …
Rationing oil cannot address the larger issue Any proposal to ration oil in view of rising global crude prices could turn out to be a disaster. Imposing a formal allocation system to streamline supply and demand of petrol and diesel would, instead of resolving the problem, encourage hoarding and black-marketeering …
Faced with surging crude oil prices in the international markets and massive under-recoveries being incurred by the oil marketing companies (OMCs), the government has decided to compensate them by issuing oil bonds to the extent of 50 per cent against incurring under-recoveries during 2007-08 on sale of petrol, diesel, kerosene …
T T RAM MOHAN AT THE beginning of the year, many commentators saw the turmoil in the international financial markets as posing a threat to the growth of the global economy as also the Indian economy. This threat has turned out to be smaller than the pessimists had contended. Growth …
