fuel prices

Lebanon raises fuel prices in bid to ease shortages
World

Lebanon raises fuel prices in bid to ease shortages

  • The energy ministry said the average price of 20 litres of 95-octane gasoline was increased by 35% to 61,100 pounds.
  • Protesters blocked roads with burning garbage and tyres in Beirut on Monday. President Michel Aoun said the new prices should ease the crisis.
Published 29 Jun, 2021 04:58pm
US gasoline prices climb even as Colonial reopens after hack
Markets

US gasoline prices climb even as Colonial reopens after hack

  • The closure of Colonial Pipeline's 5,500-mile (8,900-km) system was the most disruptive cyberattack on record, preventing millions of barrels of gasoline, diesel and jet fuel from flowing to the East Coast from the Gulf Coast.
  • The national gas price on Monday hit $3.045 a gallon, the highest since October 2014, according to data from the American Automobile Association.
Published 17 May, 2021 08:03pm