Sunday 26 June 2016
 
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fuel price

Venezuela raises fuel price, devalues currency

Venezuelan President Nicolas Maduro on Wednesday devalued the currency and raised heavily subsidized fuel prices in an effort to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient.

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Cash-strapped Morocco hikes fuel prices

Cash-strapped Morocco will raise prices of refined oil products from Saturday as the government seeks to reduce the growing burden of subsidies while facing persistent demands for more welfare spending. The ministry in charge of general af

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Gulf Air’s high fuel price claims denied

Bahrain Petroleum Company (Bapco) has dismissed reports Gulf Air may be paying up to seven times more to buy its jet fuel than some of its regional rivals. Sources earlier said it was cheaper for the national carrier to re-fuel its planes

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