International
Italy Cuts Fuel Taxes as Energy Costs Rise Italy has approved a temporary cut in fuel excise taxes to cushion households and businesses from rising energy costs linked to the Middle East conflict. Prime Minister Giorgia Meloni said the measure would reduce fuel prices by €0.25 per litre, part of a broader emergency package aimed […]
International
Sri Lanka has declared every Wednesday a public holiday as part of emergency fuel-saving measures, becoming one of several Asian countries responding to the impact of the West Asia conflict on energy supplies. The decision effectively creates a four-day workweek for many state institutions as Colombo tries to reduce fuel use and avoid deeper disruption […]
International
Russia has announced a partial ban on diesel exports and an extension of its gasoline export ban through the end of 2025. The measures are aimed at prioritising domestic fuel availability amid supply pressures. Reason Behind Move The decision follows a series of Ukrainian drone attacks on Russian oil refineries, which disrupted refining operations and […]