Gasoline prices all over the world is soaring. On average, gasoline prices have increased more than 60 percent in the last two years.
However, the price of gas still remains low in some countries like Venezuela, which has the low gas price of 12.4¢.
High gasoline price can be linked to several things: Increased demand, Tensions with Iran , High demand in China and India.
Gasoline prices all over the world is soaring. On average, gasoline prices have increased more than 60 percent in the last two years.
However, the price of gas still remains low in some countries like Venezuela, which has the low gas price of 12.4¢.
High gasoline price can be linked to several things: Increased demand, Tensions with Iran , High demand in China and India.
Indian Billionaire Vijay Mallya’s Kingfisher Airlines is re-evaluating whether it should launch the international operatios or defer it for a few months.
Due to sharp rise in aviation turbine fuel prices, the slowdown in international travel and the uncertainty in the aviation market (many US carriers have gone bankrupt) Kingfisher Airlines has decided to rethink its whole strategy of flying abroad.
India’s inflation rate accelerated to a 13-year high on a recent hike in retail fuel prices and because of an increase in non-food items.
India’s wholesale prices jumped 11.05 percent in the week to June 7, the highest since February 1995. The inflation rate was 8.75% in the previous week. India doesn’t calculate wholesale price inflation on a monthly basis.
Indian government on Wednesday announced a hike in fuel prices to combat spurt in global oil prices.
According to the announcement
– the highest ever price raise