Tag: oil prices

Uber cab service increases fares in Egypt after recent fuel price hikes | Xinhua Net

Uber cab service increases fares in Egypt after recent fuel price hikes | Xinhua Net

CAIRO, June 18 (Xinhua) — Peer-to-peer ride hailing company Uber increased Monday its fare prices in Egypt to compensate for the recent hike in local fuel prices. “With events like the most recent fuel price increase a slight adjustment to our prices was made to ensure that your drivers continue to make a sustainable living […]

Uber is experimenting with letting riders wait longer for a cheaper fare | Quartz

Uber is experimenting with letting riders wait longer for a cheaper fare | Quartz

Good things come to those who wait for their Uber. The ride-hailing company has started testing a feature that gives riders the option to trade a shorter wait for a cheaper fare. “Prices are lower at 17:00,” Uber recently advised an Uber employee who requested a ride in Berkeley, California, and tweeted a screenshot of […]

India will pitch for responsible crude pricing: Pradhan | Deccan Herald

India will pitch for responsible crude pricing: Pradhan | Deccan Herald

India will pitch for ‘responsible’ crude pricing at the upcoming conference organised by oil producers’ cartel OPEC, Union Minister Dharmendra Pradhan said today. On the rising oil prices in the country, the minister assured that the government would leave no stone unturned to keep these products within the reach of the common man. “There will […]

Pradhan asks OPEC to price oil responsibly | Outlook

Pradhan asks OPEC to price oil responsibly | Outlook

India is 80 per cent dependent on imports to meet its oil needs and eight of its top suppliers are from the Organisation of Petroleum Exporting Countries (OPEC). The block accounted for about 83 per cent of India’s total crude oil imports, 98 per cent of its LPG imports and 74 per cent of its […]

Transat: difficult to offset higher fuel prices with higher fares for customers | The Telegram

Transat: difficult to offset higher fuel prices with higher fares for customers | The Telegram

MONTREAL — Transat AT Inc. expects to have a more difficult summer season than last year as a result of a sudden increase in jet fuel prices since April and limited ability to pass along the cost to customers, senior executives told analysts Thursday. Annick Guerard, the travel company’s chief operating officer, said on a conference call that […]

India teams up with China to counter OPEC’s influence on fuel pricing | DNA India

India teams up with China to counter OPEC’s influence on fuel pricing | DNA India

With oil producers’ cartel OPEC playing havoc with prices, India discussed with China the possibility of forming an ‘oil buyers club’ that can negotiate better terms with sellers as well as getting more US crude oil to Asia to cut dominance of the oil block. As a follow up of Oil Minister Dharmendra Pradhan’s idea […]

Have consumers gained back what they had lost from rising fuel prices? | cnbctv18.com

Have consumers gained back what they had lost from rising fuel prices? | cnbctv18.com

After oil marketing companies (OMCs) decided to keep the prices of auto fuels unchanged, since then, the prices in India were on a freeze for 19 consecutive days between April 25, 2018 and May 13, 2018. Many media reports during this period stating that the government had directed the OMCs no to raise auto fuel […]

Petrol prices stable to March, but now hitting four-year highs | ACCC

Petrol prices stable to March, but now hitting four-year highs | ACCC

Drivers feeling the pinch of high petrol prices should use price cycle information and fuel price websites and apps to shop around, as petrol prices in some cities reached their highest levels in almost four years in May. Average petrol prices in Australia’s five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) remained broadly stable […]

American Airlines warns of fare increases if oil remains high | Reuters

American Airlines warns of fare increases if oil remains high | Reuters

SYDNEY (Reuters) – American Airlines <AAL.O> warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. “If it becomes clear this […]

How bringing oil under GST will rationalise petrol/diesel pricing | The Financial Express

How bringing oil under GST will rationalise petrol/diesel pricing | The Financial Express

Petrol and diesel prices have lately skyrocketed and, in some cities, the price of petrol hit Rs 85 per litre. In fact, on per-litre prices of petrol, India has one of the world’s highest figures. Several macroeconomic indicators such as the national import bill (India imports more than 80% of its crude oil demand), the […]