Thursday 24 July 2014
 
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petrol

US producer prices fall on cheaper food, petrol

US producer prices fell in May after two months of solid gains, but the decline was not enough to change perceptions that inflation pressures are steadily creeping up. The Labour Department said yesterday its producer price index

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Jordan raises petrol prices by 13pc

Jordan has raised the price of lower grade gasoline, used by the poor, by 12.9 percent two weeks after a substantial hike in prices of premium gasoline as part of IMF-guided austerity steps to ease a worsening budget deficit, officials said on Wed

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Bapco launches smart fuel card

A new smart fuel card – a personalised card both in prepaid and postpaid that allows holders to purchase fuel at petrol stations -- was launched yesterday by the Bahrain Petroleum Company (Bapco). Energy Minister and National Oil and Gas A

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US consumer prices soar on petrol cost

US consumer prices rose the most in 10 months in February as the cost of petrol spiked, but there was little sign that underlying inflation pressures were building up. Surging petrol prices put a small dent in consumer confidence early thi

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Saudi Arabia to donate fuel to Yemen

Saudi Arabia will donate fuel to Yemen, throwing a second lifeline in six months to its southern neighbour to prevent a shortage there from escalating into chaos, industry sources said on Thursday. State oil giant Saudi Aramco will buy oi

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Over 100 burnt to death in Kenya petrol fire

More than 100 people were burnt to death after a petrol fire broke out in a densely populated slum in the Nigerian capital Nairobi, local media said on Monday. Local television channels aired images of smouldering skeletons as the fire rag

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Bahrain motorists urged to use Jayyid petrol

Motorists in Bahrain are being urged to fill up their cars with Jayyid petrol to save money. A new link on the Bahrain e-Government website lets people decide what fuel is best for their vehicle. 'The enhanced Jayyid fuel avail

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Oil down $3, below $118 as demand fears weigh

Brent crude fell by more than $3 to below $118 a barrel on Thursday, as fund managers and traders pulled money from across the commodities sector as concerns about interest rate rises and demand destruction began to bite. At 1131 GMT, Bren

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Shell launches new lubricants and greases

Shell Lubricants, the largest branded lubricants supplier in the world,  recently launched an improved range of industrial and transmission lubricants and greases. The new products promise to deliver enhanced performance and feat

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Firm seeking more Saudi oil

India's Bharat Petroleum Corporation (BPCL) aims to buy more oil from Saudi Arabia and other countries in 2011/12 to feed its expanded capacity and hedge against supply worries due to unrest in Libya and a payments dispute with Iran. I

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