#Fuel Subsidy Tumblr posts

  • darkwombatnacho
    23.05.2022 - 5 days ago

    Petrol Diesel Price: मई 2014 से लेकर अब तक कच्चे तेल के दाम जस का तस, लेकिन पेट्रोल डीजल 34 से 61 फीसदी हुआ महंगा!

    Petrol Diesel Price: मई 2014 से लेकर अब तक कच्चे तेल के दाम जस का तस, लेकिन पेट्रोल डीजल 34 से 61 फीसदी हुआ महंगा!

    Petrol Diesel Price During Modi Sarkar: 21 मई को मोदी सरकार ने बढ़ती महंगाई से परेशान आम लोगों को राहत देने के लिए पेट्रोल डीजल पर एक्साइज ड्यूटी घटाने का फैसला किया. पेट्रोल पर 8 रुपये तो डीजल पर 6 रुपये प्रति लीटर एक्साइज ड्यूटी घटा दिया गया. इससे कुछ हदतक लोगों को जरुर राहत मिलेगी. लेकिन ये भी सच है कि मोदी सरकार ने 8 साल के अपने कार्यकाल के दौरान कच्चे तेल के दामों में भारी कमी के बावजूद आम…

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    #Fuel Subsidy #Petrol Diesel Price
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  • mujahidkhan253
    15.05.2022 - 1 week ago

    Petrol may go up by Rs25, HSD by Rs40

    Petrol may go up by Rs25, HSD by Rs40

    ISLAMABAD: The federal government is mulling over a plan to cut subsidies on petroleum products in phases — Rs25 per litre on petrol and Rs40 per litre on high speed diesel (HSD) in the first one — in a bid to reduce the volume of the mounting price differential claims. The prices of petrol and high speed diesel (HSD) will jump up to Rs195 per litre and Rs230 per litre respectively, if the…

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  • shreygoyal
    11.05.2022 - 2 weeks ago

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    Bros if your gym buddy is constantly requesting assistance when they can't clear their set, if they talk about stockpiling carbohydrate reserves as a resilience strategy, if they operate most of the time un-economically...that's not your gym buddy.

    That's a coal fired power plant

    (Source)

    #Climate Change #fossil fuel subsidies #fossil fuels #Late Stage Capitalism #coal industry#Climate Crisis#My Tweets
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  • mujahidkhan253
    25.04.2022 - 1 mont ago

    Fuel subsidy only for motorcyclists, not for elites: Miftah

    Fuel subsidy only for motorcyclists, not for elites: Miftah

    ISLAMABAD: Minister for Finance Miftah Ismail has said the government will devise a policy to increase petroleum prices, adding that the “elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given relief”. Talking to a private news channel on Monday, Miftah – who took office this month after the previous government lost a…

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  • toogalaxyflower
    18.04.2022 - 1 mont ago

    Fuel subsidy puts Nigerian economy at high risk –World Bank

    Fuel subsidy puts Nigerian economy at high risk –World Bank

    The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in a new biannual report known as Africa’s Pulse. According to the bank, Nigeria is projected to have a 3.8 per cent growth in 2022, adding that as an oil-dependent country,…

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  • newsupdatesbykiara
    18.04.2022 - 1 mont ago

    Auto, taxi unions in on strike in Delhi to demand CNG subsidy, fare hike

    Various auto-rickshaw, cab and taxi unions in the national capital went on a strike on Monday, demanding a CNG subsidy and a fare revision in the wake of rising fuel prices.

    Delhi Auto Rickshaw Sangh General Secretary Rajendra Soni said they will also hold a protest outside Chief Minister Arvind Kejriwal's residence in Civil Lines later in the day to press their demands.

    Commuters in the city faced difficulties in getting cabs and autos on Monday morning. Though cars were available on Ola and Uber apps, the fares were inflated.

    Auto and cab drivers' unions have been demanding a hike in fare and slashing of CNG prices to offset the impact of rising fuel prices.

    They refused to call their strike off despite an announcement by the Delhi government to form a committee to consider a fare revision in a time-bound manner.

    "Our strike has started and it will continue throughout the day. CNG has become costlier and we cannot keep running our business on losses. We should either be provided a subsidy of Rs 35 per kg on CNG or fares should be hiked," Delhi Auto Rickshaw Sangh General Secretary Rajendra Soni told PTI.

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  • dcoglobalnews
    16.04.2022 - 1 mont ago

    PROCEDURES GOVT SHOULD FOLLOW TO REMOVE PETROL SUBSIDY – SAYS MOGHALU

    There are a number of procedures to be followed by the Federal Government before removing the subsidy on Premium Motor Spirit (PMS), also known as petrol.One of such critical steps to be taken is the provision of an effective public transportation system in the country, Professor Kingsley Moghalu suggested on Friday. 2023 Presidential Aspirant Kingsley Moghalu DCO Global News Published on April…

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  • awesome-casuallyfamouscollector
    15.04.2022 - 1 mont ago

    Under the support program, the first electric cars will be available to the population as early as mid-April

    On April 7, the MEPRD organized an online publicity event to inform about the latest support program for the purchase of electric cars(..)

    #vides investīciju fonds #ev news in latvian #Latvia#ev adoption #fossil fuel phase-out #electric car#electric vehicle#ev sales#ev subsidy#Baltic States#Northern Europe
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  • mylatestnewsng
    15.04.2022 - 1 mont ago

    APC Chieftain Condemns Buhari's N3.5tn Fuel Subsidy Request

    APC Chieftain Condemns Buhari’s N3.5tn Fuel Subsidy Request

    President Muhammadu Buhari’s request for an additional N3.557 trillion for fuel subsidy has been condemned by Senate President, Ahmed Lawan, according to a report by Punch. The report revealed that Lawan argued that the current N250 pump price of Premium Motor Spirit renders the presidential request ridiculously unacceptable. His condemnation came ahead of senate approval of additional N3.557…

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  • alabingo
    14.04.2022 - 1 mont ago

    Buhari's N4trn fuel subsidy request approved by Senate

    Buhari’s N4trn fuel subsidy request approved by Senate

    The Senate has approved President Muhammadu Buhari’s request to increase fuel subsidy payments in 2022 to N4 trillion from N442.72 billion. The upper legislative chamber gave the approval after considering the report of the Committee on Finance on the Revised 2022 Fiscal Framework. The Senate also approved the President’s request to raise the oil price benchmark from $62 to $73 and the reduction…

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    #Buhari Senate fuel subsidy
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  • thepostman24
    14.04.2022 - 1 mont ago
    #Breaking News Pakistan Imran Khan #Pakistan Prime Minister News Today #Pakistan Prime Minister News #power subsidies#fuel
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  • eaglenews
    07.04.2022 - 1 mont ago

    PHL gov't to resume distribution of P500 monthly fuel subsidy after Comelec okays LTFRB petition

      (Eagle News) — The government would again be able to distribute P500 monthly fuel subsidies after the Commission on Elections granted the Land Transportation Franchising and Regulatory Board’s (LTFRB) petition to exempt the fuel subsidy program from the cash disbursement ban. Comelec announced its decision on Wednesday, April 6, while saying that the resolution on this will be issued later this week – on Thursday or Friday. “We granted the petition of the LTFRB […]

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  • dcoglobalnews
    03.04.2022 - 1 mont ago

    WE CAN'T CONTINUE TO APPROVE N4TRN FOR FUEL SUBSIDY — REPS

    WE CAN’T CONTINUE TO APPROVE N4TRN FOR FUEL SUBSIDY — REPS

    The Nigerian House of Representatives said yesterday it cannot continue to approve N4 trillion annually for fuel subsidy when the economy is in dire straits.Chairman of the ad-hoc committee investigating the state of the nation’s refineries, Ganiyu Johnson, stated the position of the House at a session of the panel.DCO Global News Published on April 3, 2022 By Odoh Dominic ChukwuemekaHe expressed…

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  • businessnews-greece
    23.03.2022 - 2 monts ago

    The amendment stipulates that the amount of the fuel subsidy can be increased up to 5 euros for those who choose to use a digital debit card in exchange for credit in a bank account.

    The amendment for the fuel subsidy was submitted to the bill of the Ministry of Finance for the modernization of the operating framework of the Hellenic Capital Market Commission and the new reduced Single Real Estate Tax (ENFIA) . The fuel subsidy for the next quarter comes to restore the price of unleaded to about pre-invasion levels in Ukraine. At the same time, a horizontal subsidy on the price of diesel is foreseen for April, but with the "window" of extension open, as the relevant costs affect the entire supply chain.

    Next Friday, April 1st, the distribution of diesel starts for motorists, with a reduced price of 14-15 euros per liter (12 euros + VAT 17% or 24% respectively) . The subsidy for the price of diesel will be valid until April 30, but the amendment submitted for a vote in Parliament by the Ministry of Finance provides for the possibility of extending or increasing the price discount for the coming months.

    The amendment stipulates that the amount of the fuel subsidy can be increased up to 5 euros for those who choose to use a digital debit card in exchange for credit in a bank account.

    Specifically, the amendment as submitted to Parliament provides the following:

    A. GRANTING OF FINANCIAL AID FOR PURCHASE OF FUEL

    1. Financial facility is provided to every natural person, including self-employed professionals, who are tax residents of Greece with declared family income of tax year 2020 up to 30,000 euros, to cover part of the cost of fuel consumption in April, May 22 and May 22.

    2. The financial support for this quarter will amount to a total of the following amounts:

    a) Fifty (50) euros for beneficiaries - owners of vehicles (excluding motorcycles - mopeds) with main residence in the Regions of North Aegean, South Aegean, Ionian Islands, Crete, in the Peripheral Unit of Islands of the Region of Attica, in the Region of Attica

    b) forty (40) euros for beneficiaries - owners of vehicles (excluding motorcycles - mopeds) with main residence in the rest of Greece,

    c) thirty five (35) euros for beneficiaries - owners of motorcycles - mopeds, with residence in the Regions of North Aegean, South Aegean, Ionian Islands, Crete, in the Peripheral Unit of Islands of the Attica Region and in the Peripheral Unit of the Sporades,

    d) thirty (30) euros for beneficiaries - owners of motorcycles - mopeds, with main residence in the rest of Greece.

    3. Each vehicle and motorcycle - moped can be declared by a single natural person, who also has full ownership or co-ownership or is a lessee under a leasing contract.

    4. Each natural person can declare only one vehicle and a motorcycle-moped. A prerequisite is that the motorcycle-moped vehicle is in circulation, is insured and does not owe traffic fees.

    5. The beneficiary, with taxisnet codes, enters the application and requests either the issuance of the digital debit card and the credit of the above amount of money in it or the credit in his bank account. The applicant completes and updates his / her contact details and, in particular, his / her e-mail address, mobile phone number and personal bank account number.

    6. The beneficiary can also apply, either for the issuance of the digital debit card, or for the credit in his bank account and in the Citizens' Service Centers (KEP).

    7. The financial aid in question is tax-free, inalienable and unsecured in the hands of the State or third parties, by way of derogation from any general and special provision, is not subject to any withholding, fee or levy, is not bound and offset by certified debts to the tax administration. and the State in general, the municipalities, the regions, the insurance funds or the credit institutions and is not calculated in the income limits for the payment of any social or welfare benefit.

    8. The digital debit card that is issued, remains activated until 31.7.2022. After this date the card will be removed. The remaining balance of it is returned to the Greek State and its further search by the beneficiary is excluded.

    9. The amount credited to the credit or debit card may be used exclusively by the beneficiary for the purchase of fuel and any transfer to a third party other than the above or its withdrawal is not possible.

    10. By joint decision of the Ministers of Finance, Development and Investment and Digital Governance, the start time and any other necessary details for the implementation of this are determined.

    11. With the same decision, however, the amount of aid can be increased up to 5 euros for beneficiaries who choose to use a digital debit card.

    B. COST OF MOTOR OIL COST

    1. The cost of diesel fuel (DIESEL), which is available on the internal market from 1 April 2022 to 30 April 2022, shall be subsidized. VAT issued by refineries.

    2. The final total amount of the subsidy shall be calculated on the basis of the total liters of fuel available on the internal market from refineries or fuel trading companies to service stations and industrial customers.

    3. By decision of the Minister of Finance, the period of application of the measure may be extended and the amount of the subsidy may be adjusted.

    C. SUPPORT MEASURES FOR OPERATORS AND TAXI DRIVERS

    1. Special purpose compensation is granted during the month of April 2022 to taxi services, ie companies with main KAD 49.32 and KAD 52.21.29.01, as they apply on March 17, 2022, totaling 200 euros, to cover part of the increased cost of fuel of the vehicles they use, in the context of their professional activity.

    2. By decision of the Minister of Finance, more specific terms, conditions and procedure for the granting of compensation, the method of payment, as well as any other details for the implementation of the measure will be determined.

    3. Such compensations are tax-free, inalienable and unsecured in the hands of the State or third parties, by way of derogation from any general and special provision, are not subject to any withholding, fee or levy, are not bound and offset by certified debts to the tax administration and the State in general, the municipalities, the regions, the insurance funds or the credit institutions and are not calculated in the income limits for the payment of any benefit of social or welfare character.

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  • davisloadedblog
    16.03.2022 - 2 monts ago

    Nigerian govt to use $2.2 billion from Eurobond money for fuel subsidy

    Nigerian govt to use $2.2 billion from Eurobond money for fuel subsidy

    The Nigerian government will draw $2.2 billion this month or in April from the money it sourced from a Eurobond issuance last September and combine the proceeds if fresh domestic borrowing this year to fund fuel subsidies as oil prices escalate, the Minister of Finance, Zainab Ahmed, has said. Mrs Ahmed noted that Nigeria will not explore the Eurobond market in 2022, echoing a statement earlier…

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  • eaglenews
    16.03.2022 - 2 monts ago

    Pres. Duterte okays additional P200 monthly subsidy for 1 year for 12 million low-income households

    DOF chief Dominguez:”We realize that this is not enough. But this is what we can afford, as of this time” (Eagle News) – President Rodrigo Duterte has approved the recommendation of the Department of Finance to provide P200 additional subsidy per family per month for 12 million low-income households in the Philippines, or a total of P33.1 billion. Malacanang said this on Wednesday, March 16, as the DOF pressed for more benefits to be given […]

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  • jonstewartstuff
    15.03.2022 - 2 monts ago

    Can Fossil Fuel Companies Change?

    How can we fight climate change? Jon is joined by a panel of experts to discuss the reality of our climate future, what the government can/can’t/won’t do, and whether we’re on track to craft a better world.
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