Petrol prices: What is fuel duty and is it going up?

A possible increase in fuel duty would see petrol prices rise by about 12p a litre. The increase is penciled in for April 2023, according to the Office for Budget Responsibility (OBR). How much is fuel duty expected to go up by? Fuel duty is a tax motorists pay when buying fuels such as petrol.

Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia

Aramco and IBM (NYSE: IBM) announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh, Saudi Arabia. The collaboration aims to support high-tech driven economic growth in the Kingdom of Saudi Arabia leveraging emerging technologies in hybrid cloud, AI, and quantum computing to address objectives including circular economy, materials science, supply.

Ripple effects of Russia-Ukraine war on global economies

The Russia-Ukraine war is having an outsized impact on the global supply chain, impeding the flow of goods, fueling dramatic cost increases and product shortages, and creating catastrophic food shortages around the world, according to experts at a virtual symposium hosted by the MIT Center for Transportation and Logistics. The upheaval to the supply and demand of goods.

Euro falls to fresh two-decade low, dollar exudes strength

The euro dropped to a fresh two-decade trough on Tuesday as Europe was buffeted by concerns about energy supply and economic growth, while the dollar held firm against major peers, supported by safe-haven flows. The euro EURUSD hit $0.9909, its lowest since late 2002, and was last down 0.29% at $0.9914. Russia will halt natural gas supplies.

LPG Monitor as of 01 August 2022

LPG Contract Price (CP) LPG Contract Price (CP), commonly called the “Saudi CP” is the primary driver of LPG pricing in the Far East including the Philippines. It is the international price benchmark set at the beginning of each month by Saudi Arabia’s state – owned oil company Saudi Aramco. Aramco’s CPs, which set the.

Base Oil Classification

MINERAL OIL Modern refining technology technicians has made it possible to produce lubricants of good quality from a wide variety of crude oils. Refining crude oil is the process of separating the crude oil into different fractions or cuts. These cuts are called naphtha, gasoline, kerosene, light and heavy oils and residues. Each type of.

The best fuel for cars

What’s the best fuel for your car? Choosing the right fuel at the petrol pump can be so confusing. Today we are faced with a multitude of choices, so what is the right choice for you car? Here we will look at the options in an effort to help you decide which is best for.

Eid al-Fitr Mubarak

It will be possible to observe the crescent moon of Shawwal, indicating the tenth month of the Islamic calendar, on May 2th. The next day will be the first day of Eid Al-Fitr, the feast of breaking the fast. Typically, Muslims worldwide begin the celebration with Eid ِAl-Fitr prayers in the morning at mosques across.

Gas Prices Explained Five Fast Facts About U.S. Gasoline Prices

1.Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump. Oil prices are at a seven-year high amid a persistent global supply crunch, workforce constraints, increasing geopolitical instability in Eastern Europe, the economic.

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