Fuel

G7 to release 100mn barrels of crude oil and diesel

The G7 has agreed to jointly release 100 million barrels of crude oil and diesel from its emergency reserves over the next four months to curb uncontrolled increases in global fuel prices and ease inflationary pressure. World leaders reached the agreement during an emergency virtual meeting convened

Surging Fuel Costs Threaten to Strain Daily Life

Bangladesh has increased the prices of all petroleum fuels by Tk20 per litre, taking fuel prices to their highest level in the country’s history and raising concerns about higher living costs, transport fares and inflation. The government said the increase was necessary to reduce the recent subsidy