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08-Sep-2020

USA: Trump signs order extending ban on new offshore drilling sites off Florida's Atlantic coast
08-Sep-2020 by FOX Business
President Trump on Tuesday signed an order extending the moratorium on offshore drilling on Florida’s Gulf and Atlantic coasts, as well as off the coasts of Georgia and South Carolina. more information

24-Aug-2020

Argentina: The country authorizes first hike in fuel prices in nine months
24-Aug-2020 by S&P Global Platts
Argentina's government authorized YPF, the country's biggest refiner, to hike diesel and gasoline pump prices by an average of 4.5% nationwide effective Aug. 19, the first increase in nine months, a move that is expected to help the state-backed company revive oil production after a slump during a coronavirus-induced lockdown of the economy. more information

27-Jul-2020

Pakistan: Government preparing long-term LPG policy, petroleum levy set at Rs 5.5b for 2020-21
27-Jul-2020 by Pakistan Today
The government is preparing a long-term Liquefied Petroleum Gas (LPG) policy aimed at increasing the commodity production, stabilising its price and ensuring uninterrupted supply at affordable prices across the country, especially during the peak winter season, a national daily reported on Sunday. more information

14-Jul-2020

Egypt: The country imposes conditions to convert vehicles from gasoline to natural gas
14-Jul-2020 by Egypt Independent
Vehicles in Egypt set to be converted from gasoline to natural gas must be no older than 20 years and should have a motor capacity of at least 75 percent, said Minister of Trade and Industry Nevine Gamei. more information

16-Jun-2020

Kenya: New tax to raise beer, fuel, motorbike prices
16-Jun-2020 by Business Daily
The prices of a wide range of goods including fuel, bottled water, juice and beer will increase from July 1 following imposition of new taxes on the products, which will be a blow to consumers already hurt by job cuts and unpaid leave in the wake of the Covid-19 pandemic. more information

11-May-2020

Video: Saudi Arabia triples VAT rate as oil revenues tumble
11-May-2020 by Reuters
Saudi Arabia will triple its value added tax rate and suspend a cost of living allowance for state employees, the kingdom's finance minister says, seeking to shore up finances hit hard by low oil prices and a coronavirus-driven slowdown. more information

08-May-2020

Bulgaria: The country seeks to boost tax controls over Lukoil's Bulgarian unit
08-May-2020 by Hydrocarbon Processing
Bulgaria’s parliament backed bolstering tax controls over the country’s biggest fuels seller, owned by Russia’s Lukoil, as the government looks to boost revenue depleted by the state of emergency over coronavirus. more information

07-May-2020

Brazil: Gasoline tax hike threatens Petrobras refinery revival
07-May-2020 by Argus Media
A standoff between Petrobras and the ethanol sector over a proposed gasoline tax increase risks disrupting the state-controlled company's plans to increase fuel production after a demand slump sent utilization rates to fresh lows in April. more information
USA: California sues gasoline trading companies for price manipulation
07-May-2020 by CSP Daily News
The state of California is suing two multinational gasoline trading companies for allegedly manipulating the spot market for gasoline and artificially increasing pump prices during a major refinery outage. more information
India: The country now has the highest taxes on fuel in the world!
07-May-2020 by Economic Times
That means every litre of petrol in Delhi that currently retails at Rs 71.26 includes taxes of Rs 49.42 while for every litre of diesel at Rs 69.39 it is Rs 48.09. Taxes now comprise over 69 per cent of the pump price of the two fuels. more information

05-May-2020

India: States raise fuel taxes despite slumping demand
05-May-2020 by Argus Media
India's Delhi and Tamil Nadu states have increased taxes on diesel and gasoline in a further blow to the country's oil product demand. more information
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