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With the prices of fuel continuously escalating, more and more drivers have been switching to bioethanol in France. It's cheaper to produce and currently costs around 95 cents per liter. Details by Shirli Sitbon.
Eight years after fuel taxes helped spark the Yellow Vest movement, calls for a return to the streets are gathering momentum in France amid soaring energy prices. Recent days have seen fishermen blockading ports and oil terminals in protest at price hikes, but they are far from the only group feeling the squeeze.
French fishermen have agreed to lift their blockades at fuel depots and ports including Nice, after talks with the government over financial aid. They say soaring fuel prices since the start of the war with Iran are pushing them to the brink. Also in the segment - India could be hit by fresh US tariffs if it keeps buying Russian oil, after US lawmakers approved a new sanctions package that ratchets up the economic pressure on Moscow and its trading partners.
The Ugandan shilling fell to about Shs3,920 to the dollar by 15 September. Petrol is near US$1.76 a litre, almost all of the recent rise currency. The post Uganda Shilling Weakens 6% as Fuel Prices Climb appeared first on The Rio Times.
Protests have erupted in Syria after the government raised fuel prices.
The government cited rising insecurity. Fuel prices changed the same week and the state says it destroyed 1,119 illegal mining camps this year. The post Ecuador Has Imposed a Nighttime Curfew Across Four Coastal Provinces appeared first on The Rio Times.
The rise of the price of fuel is an issue for both the United States and Iran in this conflict. US president Donald Trump has conceded that prices will not fall before the midterm elections where the US voters could hold him to account. Meanwhile in Iran where many communities have been bombed since February 28th, there's now the added problem of incresing fuel prices. FRANCE 24's Ali al Basha sent this report.
US diesel futures surged above $5 a gallon for the first time since April 2022, the latest sign of a deepening global fuel squeeze as wars disrupt supplies and rapidly erode fuel stockpiles around the world.
Guatemala's Congress approved capped fuel prices late on 8 September. The law is not signed yet, so drivers are still paying the old prices. The post Guatemala’s Congress Capped Fuel Prices, but Not at the Pump Yet appeared first on The Rio Times.
New fuel pricing targets consumption above 110 litres monthly, doubling costs to 100,000 riyals per litre.