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 credit crunch intensifies, carmakers are turning to an unusual way of moving vehicles off dealership lots: offering to throw in the petrol. In the UK, Fiat offers a payment-free period of nine months plus
With gasoline prices at record highs, a station in Nashville posted prices in terms other than dollars and cents on Sunday. Gasoline sells currently for $3.61 a gallon on average, AAA says. Oil jumped to another record on Tuesday, and the government said it expected gasoline prices to peak at …
Crude oil prices could surge to $200 a barrel in the next two years, according to theGoldman Sachs analyst who three years ago correctly predicted a price "super-spike" above $100 a barrel. The warning by Arjun Murti came as oil prices hit a fresh record high above $122 a barrel, …
Russia on Tuesday signed off on a series of steep price rises for domestic gas, power and railway services for the next four years on the eve of Dmitry Medvedev's inauguration as the country's new president. Mr Medvedev, who will be sworn in as Russia's president on Wednesday, will inherit …
Following the increase in CNG prices, LPG (liquefied petroleum gas) marketing companies have also raised the price of 11.8 kg cylinder from Rs 510 to Rs 530, effective from May 7. The Chairman of LPG Distributors Association, Hadi Khan, said here on Tuesday that the retail price of LPG has …
Close on the heels of President George W Bush's remarks linking Indians' food habits to rising global prices of commodities, the United States has now partly attributed the surge in oil futures to the increased demand in India and China. "There are a lot of different ways that we can …
The associations of CNG filling stations have increased price of compressed natural gas (CNG) in Sindh by Rs 1.25 to Rs 38.25 per kilogram, a move vehemently opposed by the users. CNG Station Owners Association (CSOA) Chairman Malik Khuda Buksh said that the decision had been taken at an emergency …
"It is the best of times; it is the worst of times.' Thus might one summarise the predicament of international private petroleum Companies. There is hardly a drawing room conversation at which I am present where the comment is not made, "So you're raking it in', or the question asked …
The government has increased petroleum products' prices for next 15 days by Rs 3 per litre except kerosene oil to pass on the impact of surge in international market rates to the consumers. The new prices will be effective from May 1 (today). The diesel and petrol prices are increased …
George Unzelman, has more than 50 years of refining experience and has been in the industry during some of its most dramatic changes-some predicted, some results of opposition. In an opinion editorial, Unzelman shares his observations and predictions moving forward.
The dramatic projected rise in greenhouse gas (GHG) emissions from Asian [and wider] cities poses a major challenge for the world. Population growth, increased urbanisation, the rise of megacities, increased average incomes and consumption mean that travel demand is rising rapidly. The supply of transport funding and infrastructure to meet …
President Bush yesterday accused the Democratic-led Congress of blocking his proposals to deal with rising gas prices and dragging its feet on measures to address the sagging economy. He said he was "open to any ideas," including a proposal backed by presidential contenders John McCain and Hillary Clinton to suspend …
US President George W. Bush said on Tuesday there was no "magic wand" to bring down record-high fuel prices but would consider a proposal to suspend federal gasoline taxes this summer -- an idea that has divided the 2008 presidential candidates. Trying to calm anxious Americans facing $3.60 a gallon …
UN Secretary General Ban Ki-moon began talks yesterday with key development agencies on how to tackle the crisis provoked by soaring food and fuel prices. "This is an exciting time for the United Nations, but it is also a time when we are challenged to exert our best efforts to …
Though the independence of the judiciary is important for establishing the rule of law in the country, the two issues that need immediate attention in Pakistan are rising oil prices and the food crisis, which have the potential to destabilise an already vulnerable economy. This was stated by economic analyst …
Economist says inflation to go up, Tamim sees no effect on essential goods prices Aminul Islam The government has almost doubled the CNG price to Tk 16.75 a cubic meter from Tk 8.50 with effect from today to cut the losses Petrobangla incurs. The government on Thursday said the fares …
Public sector petroleum companies' losses on fuel sales cross Rs 500 crore a day; govt under renewed pressure to allow them to raise petro-product prices New Delhi, April 23: The price basket of crude oil that India imports has crossed an all-time high of $110 a barrel, widening the losses …
The world's food security structure seems to be crumbling and could give way to a serious crisis if not tackled on a war footing. Of course many factors -rising population, increasing demand for food in faster developing nations like India and China, drought conditions in many parts of world, expanding …
Motorists can expect to pay even more at the bowser with oil prices to continue rising, says the chief of Caltex Australia. "There is long-term upward pressure on petrol prices and Australians, like motorists around the world, can expect to pay more," Caltex chairman Elizabeth Bryan told shareholders today at …
