The government will spend about US$812.8 million a month to maintain the price of subsidised petrol and diesel in the short term.

Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending ...

A subsidy deployed by the State and a fall in the global prices and shipment costs of petrol, diesel, and kerosene have helped to lower local pump prices marginally, offering relief to consumers.The ...

Petrobras said its board approved joining Brazil's newly announced diesel commercialization subsidy program, pending regulatory details from the country's energy regulator.

This capacity development (CD) report assesses the fiscal implications of fuel subsidies in the Republic of Congo and proposes actionable measures to sustainably reduce their large and negative ...

The Department of Transportation (DOTr) on Friday said it has set aside P2.5 billion for a possible fuel subsidy program for transport drivers as pump prices continue to climb amid the tensions in the ...

For the best experience, please enable JavaScript in your browser settings. The State, he said has been forced to further stretch its finances by increasing its ...