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Iran introduced gasoline rationing and price hikes on November 15 with an official saying that the revenue would be used for subsidies for 18 million needy families, state television reported. According to State TV, the price of a liter …
Global oil demand growth could reach its lowest level in seven years
Kazakhstan plans to begin exporting high-octane gasoline in the second half of June 2019, Kazakh Minister of Energy Kanat Bozumbayev told a government meeting today. According to the minister, 21.7 million tonnes of oil …
Retail prices of the regular (Ai-92) and the premium (Ai-95) gasoline declined in a number of Russian regions last week, according to data provided by the Central Dispatching Department of Fuel Energy Complex. It was the first decline …
Zanganeh said on Monday that the third phase of Persian Gulf Star Refinery (PGSR), in the city of Bandar Abbas, southern Hormozgan province, will go into full swing in the coming weeks, which will increase the country’s gasoline output to …
Georgia has started to inspect filling stations to determine the quality of fuel they sell and to protect consumers. In order to determine the lead quantity in the fuel employees of the Environment Protection Supervision Department …
The Russian President’s administration is carefully monitoring the situation with gasoline prices, but it is the Russian government, which is taking concrete measures to solve the problem, the Russian President’s spokesman …
Russia's gasoline prices have been named the world’s 10th-cheapest in Bloomberg’s ranking of 61 countries released last week. Russian drivers saw an average 8.2% rise in fuel prices this spring, leading at …
Kazakh Minister of Energy Kanat Bozumbayev said that Astana is working with Moscow on changes to the bilateral agreement to start exporting gasoline. He added that Astana is focused on Central Asia in this …
Iran has sharply reduced its gasoline imports after starting up a new refinery
Kazakhstan's oil refineries produced 3 million tons of gasoline in 2017, which exceeds the production volume of 2016 by 4% The output of diesel fuel decreased by 6%, to 4 million tons, Prices on gasoline in Kazakh market has …
Russian Federal Antimonopoly Service commented on the increase in gasoline prices. FAS representative Dmitry Makhonin said that the increase in gasoline prices was caused by speculative activities in the market. …
The Russian government has decided to raise excise taxes on diesel fuel by 0.5 ruble per liter in two phases - from January 1st and July 1st, the Vedomosti newspaper reported. The decision was made at the Cabinet meetings, federal …
When the consumption tax takes effect, China's exports of gasoline are expected to drop
Petrol prices in Armenia in December 2016 were down by 18.7% in comparison with December 2015 and diesel fuel price was down by 22.4%, the National Statistical Service said. According to the NSS, petrol price in 2016 December was …
Refiners in the U.S. and Europe may cut processing rates, which could decrease the demand for crude
The Russian government has raised excise taxes on gasoline and diesel fuel from April 1st. Thus, the excise tax on gasoline of the 5th class increased from 7.53 thousand rubles to 10.13 thousand rubles per ton. The excise tax on other …
Russia's Deputy Finance Minister Maxim Oreshkin said that under the scenario of $30 per barrel, the price of gasoline in Russia will grow by 5%, noting that the price growth will be smaller than inflation …
The head of LUKOIL, Vagit Alekperov, does not expect that this year's growth in gasoline prices in Russia will be more than 10%. "We believe that inflationary parameters can …
Russian Energy Minister Alexander Novak has said that the replenishment of the budget after the changing the formula MET, will lead to the fact that the gasoline will rise in price by one ruble at …
