petrol
Petrol consumption in Germany rose for the third year in a row in 2023. This is according to official mineral oil data from the Federal Office of Economics and Export Control (BAFA). According to the data, domestic deliveries of petrol amounted to 17.3 million tons last year. This was 416,000 tonnes more than in the previous year. Compared to the coronavirus-related low point in 2020, this is an increase of almost 1.1 million tons. In the years before the coronavirus pandemic, petrol consumption was trending downwards - as recently as 2010, it was 19.6 million tons. In addition, the number of ...
DPA Breaking News
By Hera Rizwan Prime Minister Narendra Modi inaugurated India Energy Week (IEW) in Bengaluru on Monday along with launching 'E20' fuel with the aim of introducing cleaner energy in the country. This new fuel was launched at 84 retail outlets of oil marketing companies in 11 states and Union Territories and is part of India's 'roadmap' ethanol blending, launched in June 2021, a statement from the Prime Minister's Office said. “We are also working very fast on Biofuel, and ethanol blending. In the last 9 years, we have increased ethanol blending in petrol from 1.5 percent to 10 percent. Now we a...
BOOM Live
New York (AFP) - US gasoline prices have fallen from historic highs earlier in the summer, a retreat highlighted by a politically beset White House as a sign of moderating inflation. President Joe Biden, who has seen his approval rating tumble amid the worst pricing pressures in decades, took to Twitter to point out that prices at the pump have fallen for more than a month, saving the average driver about $25 a month. "I know those extra dollars and cents mean something. It's breathing room," Biden tweeted Monday night. "And we're not done working to get prices even lower." Since hitting an al...
AFP
Washington (AFP) - Biden administration officials and oil industry executives huddled in Washington on Thursday to discuss potential steps to address runaway gasoline prices, and while both sides called the talks constructive, no concrete plans for relief emerged. High prices at the pump are weighing on American consumers -- and damaging President Joe Biden's approval rating. Heading into the gathering, Energy Secretary Jennifer Granholm said she hoped the meeting would result in refiners boosting gasoline supplies to lower prices for the summer vacation driving season. Afterwards, the Energy ...
AFP
Los Angeles (AFP) - Californians filling up their cars on Friday winced at the spiraling cost of gasoline, but largely shrugged as residents of the state that has long had the highest gas prices in the United States. California drivers are paying an average of more than $5 for a gallon ($1.34 per liter), according to the American Automobile Association (AAA), up more than a third from a year ago, as Russia's invasion of Ukraine sends world oil prices rocketing. "It's going to affect the prices," Mike Hernandez told AFP. "I'm not really into politics or anything like that, but now that this th...
AFP
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