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Fuel Taxes Newsletter
  • Tomato, onion fuel weekly inflation 08 Jun 2024 02:18 GMT

    … strong emphasis on indirect taxes, particularly sales tax. This is expected to … impact of the decline in petrol price on essential commodities will … prices, which will further fuel inflation in the next few … ), eggs (8.73pc) and LPG (5.47pc). The SPI stood …

  • Biden administration sets 50 miles per gallon fuel economy standard for 2031 08 Jun 2024 00:26 GMT

    … cut fuel consumption by 70 billion gallons of gasoline by … 2050. The fuel savings translate into … Lung Association. “The new fuel efficiency requirements for new … into electric vehicles, backing tax credits for purchases and …

  • Automotive Power Modules Market Accelerates to $23.61 Billion by 2031, Fueled by Staggering 18.88% CAGR 07 Jun 2024 14:48 GMT

    … EV revolution. Government incentives like tax breaks and subsidies are making … offer a comfortable transition from gasoline cars to full electric vehicles … performance, reliability, and efficiency, further fueling the growth of the entire …

  • Issa brothers: How to turn a petrol station into an empire for billionaires 07 Jun 2024 14:17 GMT

    … group’s UK&I fuel, foodservice, grocery and merchandise business … $1.4bn (£1.2bn) pre-tax profit for the year, up … , EG Group made a pre-tax loss of $125m (£98.3m … pair borrowed £39m from their petrol station empire to fund their …

  • Despite removal of fuel subsidies, Nigeria may spend more regulating fuel prices in 2024 07 Jun 2024 11:59 GMT

    … it would spend to keep petrol prices fixed. This is … also suggests boosting the excise tax on drinks and imposing … of Nigeria announced that the fuel subsidies which were considered … removed.” This more than tripled fuel costs, creating a ripple effect …

  • Are Canadians paying ‘wacko’ high gasoline taxes? 07 Jun 2024 09:14 GMT

    … other gasoline taxes, such as the excise tax. These other gasoline taxes aren … our average new fossil fuel burner will dump 60 … motor fuel and a holiday from paying gasoline taxes. What … gasoline taxes because they don't burn gasoline. Instead, they fuel

  • Nigeria may spend 50% more on fuel subsidies in 2024, draft document shows 07 Jun 2024 07:23 GMT

    … popular but costly subsidy on petrol in a landmark reform … growth. But the move caused petrol prices to triple, increased transport … At current rates, expenditure on fuel subsidy is projected to reach … beverages, and introduce a tax on single-use plastics and …

  • Petrol And Diesel Prices Today On June 7, 2024: Check Rates In Your City Today 07 Jun 2024 07:02 GMT

    … of fossil fuels in India are: Crude oil prices Petrol and diesel … to fuel dealers, which covers the earnings, costs, and profits of petrol … . Value Added Tax (VAT) or Sales Tax The VAT or sales tax is imposed by …

  • LPG cost likely  to go up  07 Jun 2024 00:20 GMT

    … budget proposal hikes the tax on LPG imports from 8% to … 14 per kilogram of the fuel. This translates to a … of a standard domestic LPG cylinder. The LPG Distributor Association, led … reliance on imported LPG, highlighting that 300 LPG marketing companies depend …

  • Nigeria to Spend Nearly $4 Billion on Fuel Subsidies This Year 06 Jun 2024 22:51 GMT

    … previous year—to maintain stable petrol prices. Additionally, the country … Since July last year, petrol prices have remained fixed, … ;Given the current rates, fuel subsidy expenditures are expected to … on beverages, and introduce taxes on single-use plastics …

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