Ireland: Traffic Chaos Grips Ireland for Third Day as Fuel Price Protests Intensify 3

Severe traffic disruption gripped Ireland on Thursday, April 9, as fuel price protests entered their third day. Hauliers and contractors blocked major motorways including the M50, M7 and M8, while in Dublin, O'Connell Street was brought to a standstill, forcing bus and tram services to suspend or divert.

Ireland: Travel Disruption Enters Fourth Day Amid Ongoing Fuel Protest 2

Travel across parts of Ireland was disrupted for a fourth consecutive day on Friday, April 10, as slow-moving convoys and blockades continued over rising fuel prices linked to the US-Israel war against Iran. Two sections of the M50 motorway were shut, while blockades remained in place at fuel terminals in Limerick, Galway Port, and the Whitegate Oil Refinery in Cork.

Ireland: Traffic Chaos Grips Ireland for Third Day as Fuel Price Protests Intensify 2

Severe traffic disruption gripped Ireland on Thursday, April 9, as fuel price protests entered their third day. Hauliers and contractors blocked major motorways including the M50, M7 and M8, while in Dublin, O'Connell Street was brought to a standstill, forcing bus and tram services to suspend or divert.

Ireland: Traffic Chaos Grips Ireland for Third Day as Fuel Price Protests Intensify

Severe traffic disruption gripped Ireland on Thursday, April 9, as fuel price protests entered their third day. Hauliers and contractors blocked major motorways including the M50, M7 and M8, while in Dublin, O'Connell Street was brought to a standstill, forcing bus and tram services to suspend or divert. This video shows a traveler with a suitcase, appearing to head toward the airport.

Ireland: Travel Disruption Enters Fourth Day Amid Ongoing Fuel Protest

Travel across parts of Ireland was disrupted for a fourth consecutive day on Friday, April 10, as slow-moving convoys and blockades continued over rising fuel prices linked to the US-Israel war against Iran. Two sections of the M50 motorway were shut, while blockades remained in place at fuel terminals in Limerick, Galway Port, and the Whitegate Oil Refinery in Cork.

Ireland: Fuel Protests Block Dublin Streets for Second Day Over Iran-Linked Price Hikes

Fuel protests disrupted traffic and cross-border travel in Ireland for a second consecutive day, with slow-moving convoys blocking key roads in Dublin and other urban areas. In the capital, protesters blocked O'Connell Bridge and the North and South Quays, disrupting traffic along the city's main thoroughfare. The protests are against high fuel prices, which demonstrators attribute to the ongoing US and Israeli conflict with Iran.

Ireland: Fuel Protest Convoys Cause Widespread Traffic Disruption Across Country

Fuel protests caused major traffic disruption across Ireland, with slow-moving convoys on main roads leading to Dublin and other cities. Gas prices have surged, due to the closure of the Strait of Hormuz amid the Middle East conflict.

Ireland: Trucks Roll Out of Kinnegad Toward Dublin in Fuel Protest

Fuel protests caused major traffic disruption across Ireland, with slow-moving convoys on main roads leading to Dublin and other cities. Gas prices have surged, due to the closure of the Strait of Hormuz amid the Middle East conflict. This video shows trucks pulling out of Kinnegad to join the protest.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

China Oil Prices Fall

China Oil Prices Fall

QINGZHOU, CHINA - APRIL 29, 2024 - A petrol station worker takes a petrol gun to fill up a car at a petrol station in Qingzhou, East China's Shandong province, April 29, 2024.

Türkiye raises gasoline, diesel prices

STORY: Türkiye raises gasoline, diesel prices SHOOTING TIME: Recent footage DATELINE: March 15, 2024 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of transportation in Istanbul, Türkiye 2. various of gas station in Istanbul 3. various of local residents in Istanbul STORYLINE: Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at 42.06 Turkish liras (1.31 U.S. dollars) and 41.86 liras, respectively, Turkish up-market newspaper Cumhuriyet Daily reported. According to the report, behind the new hike lies the surging price of Brent crude, which hit a four-month high above 85 dollars per barrel on Thursday. Oguz Demir, an economist and former academic at the Istanbul Commerce University, said on his social media account that "only in the first two and a half months of this year, the increase in gasoline prices (in Türkiye) has approached 22 percent." "At t

TÜRKIYE-ISTANBUL-PETROL AND DIESEL-PRICES

TÜRKIYE-ISTANBUL-PETROL AND DIESEL-PRICES

(240315) -- ISTANBUL, March 15, 2024 (Xinhua) -- This photo taken on March 14, 2024 shows the price board at a petrol station in Istanbul, Türkiye. Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. (Photo by Safar Rajabov/Xinhua)

TÜRKIYE-ISTANBUL-PETROL AND DIESEL-PRICES

TÜRKIYE-ISTANBUL-PETROL AND DIESEL-PRICES

(240315) -- ISTANBUL, March 15, 2024 (Xinhua) -- This photo taken on March 14, 2024 shows the price board at a petrol station in Istanbul, Türkiye. Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. (Photo by Safar Rajabov/Xinhua)

Australians driving less amid rising fuel prices: poll

STORY: Australians driving less amid rising fuel prices: poll SHOOTING TIME: Nov. 22, 2023 DATELINE: Nov. 23, 2023 LENGTH: 00:00:49 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of petrol stations 2. various of bus 3. various of people walking 4. various of electronic cars STORYLINE: A majority of Australians are driving less amid a rise in fuel prices, a poll has found. According to the survey, which was published by independent NGO the Climate Council on Wednesday, 71 percent of Australians have taken steps to reduce their driving expenses in response to petrol prices, including driving less, cutting back on vehicle maintenance and avoiding taking holidays using their car. The Australian Bureau of Statistics in October identified rising automotive fuel costs as the biggest driver of inflation, with prices rising by an average of 7.2 percent in the third quarter of 2023 between July and September. A majority of respondents to the Climate Council survey, 54 percent said they believe

Egypt raises petrol prices, keeps diesel unchanged

STORY: Egypt raises petrol prices, keeps diesel unchanged SHOOTING TIME: File DATELINE: Nov. 4, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Ministry of Petroleum (file) 2. Shots of fuel stations (file) STORYLINE: Egypt raised domestic petrol prices on Friday while keeping the diesel price unchanged, according to the country's Ministry of Petroleum and Mineral Resources. Prices of 80-octane, 92-octane, and 95-octane petrol per liter were raised from 8.75 Egyptian pounds (28 U.S. cents), 10.25 pounds, and 11.5 pounds to 10 pounds, 11.5 pounds, and 12.5 pounds, respectively. The diesel price remained unchanged at 8.25 pounds per liter. "Stabilizing the diesel price is important to preserving public interest because of its impact on transport costs and commodity prices," the ministry said. This is Egypt's second time of fuel price adjustment this year. Early in May, the country raised its diesel price by one pound to 8.25 pounds per liter while keeping gasoline prices u

Rising petrol prices driving persistent inflation: Australian Treasurer

STORY: Rising petrol prices driving persistent inflation: Australian Treasurer DATELINE: Oct. 24, 2023 LENGTH: 00:01:11 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of petrol stations in Australia STORYLINE: Australia's Treasurer has warned of persistent inflation following a spike in petrol prices. According to estimates released by the Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. The Australian Bureau of Statistics (ABS) will on Wednesday release CPI data measuring Australian inflation for the September quarter. Ahead of the release, the Treasury said it estimates that the spike in petrol prices will add a quarter of a percentage point to inflation. Treasurer Jim Chalmers said in a statement that inflation in Australia will likely remain higher longer than previously projected by the government as a result of global pressures. "Wh

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

(231023) -- CANBERRA, Oct. 23, 2023 (Xinhua) -- This photo taken on Oct. 23, 2023 shows the price board at a petrol station in Canberra, Australia. According to estimates released by the Australian Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. (Photo by Chu Chen/Xinhua)

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

(231023) -- CANBERRA, Oct. 23, 2023 (Xinhua) -- A taxi driver fuels his car at a petrol station in Canberra, Australia, Oct. 23, 2023. According to estimates released by the Australian Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. (Photo by Chu Chen/Xinhua)

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

(231023) -- CANBERRA, Oct. 23, 2023 (Xinhua) -- This photo taken on Oct. 23, 2023 shows the price board at a petrol station in Canberra, Australia. According to estimates released by the Australian Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. (Photo by Chu Chen/Xinhua)

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

AUSTRALIA-CANBERRA-PETROL PRICES-SPIKE

(231023) -- CANBERRA, Oct. 23, 2023 (Xinhua) -- This photo taken on Oct. 23, 2023 shows the price board at a petrol station in Canberra, Australia. According to estimates released by the Australian Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. (Photo by Chu Chen/Xinhua)

Türkiye sees substantial tax hikes on fuel

STORY: Türkiye sees substantial tax hikes on fuel DATELINE: July 18, 2023 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city 2. various of petrol station 3. various of exchange office 4. various of people shopping in supermarket STORYLINE: Türkiye has raised the special consumption tax on fuel, the latest in a string of tax hikes after the presidential elections in May, local media reported on Monday. The tax on gasoline was increased to 7.52 Turkish liras (0.29 U.S. dollars) per liter from 2.52 liras, Milliyet Daily said, citing an announcement published in the Official Gazette. The tax on diesel oil surged to 7.05 Turkish liras from 2.05, it added. Gasoline prices increased from 28.05 to 34.05 liras per liter and diesel from 26.32 to 32.32 liras. The latest hikes come after the Turkish government substantially raised taxes on services and goods as well as consumer loan taxes earlier this month. The value-added tax on goods and services

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

China Gasoline And Diesel Prices Increased

China Gasoline And Diesel Prices Increased

A petrol station staff fills up a car in Zaozhuang city, East China's Shandong province, July 12, 2023. China's gasoline and diesel prices will increase by 155 yuan and 150 yuan per ton respectively from 24:00 on July 12, 2023, the National Development and Reform Commission announced on July 12.

Egypt raises diesel prices amid global inflationary pressures

STORY: Egypt raises diesel prices amid global inflationary pressures DATELINE: May 5, 2023 LENGTH: 00:01:01 LOCATION: Cairo CATEGORY: ENERGY/ECONOMY SHOTLIST: 1. various of fuel stations in Egypt STORYLINE: Egypt raised its diesel prices by one Egyptian pound to 8.25 pounds (27 U.S. cents) per liter while keeping gasoline prices unchanged, Egypt's petroleum ministry said in a statement early on Thursday. The decision by the country's Fuel Automatic Pricing Committee (FAPC) came into effect at 02:00 a.m. local time (0000 GMT) on Thursday. The decision was made "amid the ongoing increases in the prices of crude oil and petroleum products globally," the statement said. Prices of 80-octane, 92-octane, and 95-octane petrol remained at 8.75 pounds, 10.25 pounds, 11.5 pounds respectively, while the price for mazut that is used for non-electricity and bakery purposes remained at 6,000 pounds per ton, the statement added. According to Waleed Gaballah, an Egyptian economic expert, the FAPC decision w

Indonesia launches subsidy for electric vehicles

STORY: Indonesia launches subsidy for electric vehicles DATELINE: March 21, 2023 LENGTH: 00:01:06 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of electric vehicles (Courtesy of Wuling factory) 2. various of vehicles in Indonesia 3. various of vehicles queueing for petrol (Courtesy of Antara) STORYLINE: Indonesia's government on Monday officially launched a program of subsidies for purchasing electric motorcycles. The government has budgeted 455 U.S. dollars in subsidy for each purchase of electric motorcycles and 65 U.S. dollars for converting to electric vehicles starting on Tuesday. Finance Minister Sri Mulyani Indrawati said that a total of 455 million U.S. dollars will be allocated for the program until 2024. It aims to reach 10 percent electric vehicle penetration as of 2024. Indrawati added that additional incentives, including tax holidays and value-added tax discounts, will be provided to cut the prices of electric cars and buses. The policies will be announced on April 1. Xinhua Ne

Petronas FY22 profit surges to record high on higher oil prices

STORY: Petronas FY22 profit surges to record high on higher oil prices DATELINE: March 15, 2023 LENGTH: 00:02:00 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of KLCC Twin Towers, also known as Petronas Twin Towers 2. various of Petronas logo at its office tower 3. various of crowds filling up petrol at Petronas oil station STORYLINE: Malaysia's state-owned oil and gas firm Petroliam Nasional Bhd (Petronas) has said that it posted a record high profit after tax in the financial year ending on Dec. 31, 2022 (FY22), underpinned by higher oil prices. Petronas said that the group's profit after tax for FY22 almost doubled to 101.6 billion ringgit (about 22.35 billion U.S. dollars) from 50.9 billion ringgit a year ago. The group's revenue for the year also surged 51.33 percent to 375.3 billion ringgit (about 83.94 billion U.S. dollars) from 248 billion ringgit a year ago, mainly due to the favorable price impact for major products aligned with higher benchmark prices. The group's capital inve

XINHUA-PICTURES OF THE YEAR 2022-WORLD NEWS

XINHUA-PICTURES OF THE YEAR 2022-WORLD NEWS

(230110) -- BEIJING, Jan. 10, 2023 (Xinhua) -- Fuel prices are displayed at a gas station in Paris, France, March 16, 2022. The price of petrol exceeded two euros (about 2.14 U.S. dollars) per liter in mid-March of 2022 in France, putting a severe strain on business and household budgets. (Xinhua/Gao Jing)

UK inflation jumps back to 10.1 pct as food costs surge

STORY: UK inflation jumps back to 10.1 pct as food costs surge DATELINE: Oct. 20, 2022 LENGTH: 00:01:34 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of London streets 2. various of petrol stations in London 3. various of a supermarket in London STORYLINE: The United Kingdom's (UK) Consumer Price Index (CPI) rose by 10.1 percent in the 12 months to September 2022, up from 9.9 percent in August and returning to July's recent high. On a monthly basis, CPI rose by 0.5 percent in September over August, said the Office for National Statistics (ONS) on Wednesday. "After last month's small fall, headline inflation returned to its high seen earlier in the summer," explained Darren Morgan, ONS director of economic statistics. "The rise was driven by further increases across food, which saw its largest annual rise in over 40 years, while hotel prices also increased after falling this time last year," he continued. Food and non-alcoholic beverage prices rose by 14.6 percent in the 12 months to September

New Zealand hikes cash rate by 0.5 percent

STORY: New Zealand hikes cash rate by 0.5 percent DATELINE: Oct. 5, 2022 LENGTH: 00:01:56 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of New Zealand 2. various of people buying in the supermarket 3. various of the petrol station STORYLINE: The Monetary Policy Committee of New Zealand's central bank agreed on Wednesday to increase the Official Cash Rate (OCR) by 50 basis points to 3.5 percent. The current OCR is at its highest point in seven years. The committee agreed that it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employment. "Core consumer price inflation is too high and labor resources are scarce," said in a committee statement. Global consumer price pressures remain heightened. The global demand for goods and services is exceeding supply capacity, putting upward pressure on prices, it said. In New Zealand, the level of domestic spending has remained resilient to date, in the face of slo

MYANMAR-YANGON-FUEL PRICES

MYANMAR-YANGON-FUEL PRICES

(220810) -- YANGON, Aug. 10, 2022 (Xinhua) -- Motor vehicles drive by a petrol station in Yangon, Myanmar, Aug. 10, 2022. Myanmar's petrol and diesel prices have risen some 3 percent from the prices a week earlier, before the central bank of Myanmar changed its reference exchange rates, official data showed Tuesday. TO GO WITH "Petrol, diesel prices up around 3 pct in Myanmar" (Photo by Myo Kyaw Soe/Xinhua)

MYANMAR-YANGON-FUEL PRICES

MYANMAR-YANGON-FUEL PRICES

(220810) -- YANGON, Aug. 10, 2022 (Xinhua) -- A billboard indicating fuel prices is seen in front of a petrol station in Yangon, Myanmar, Aug. 10, 2022. Myanmar's petrol and diesel prices have risen some 3 percent from the prices a week earlier, before the central bank of Myanmar changed its reference exchange rates, official data showed Tuesday. TO GO WITH "Petrol, diesel prices up around 3 pct in Myanmar" (Photo by Myo Kyaw Soe/Xinhua)

MYANMAR-YANGON-FUEL PRICES

MYANMAR-YANGON-FUEL PRICES

(220810) -- YANGON, Aug. 10, 2022 (Xinhua) -- Motor vehicles line up for refuelling at a petrol station in Yangon, Myanmar, Aug. 10, 2022. Myanmar's petrol and diesel prices have risen some 3 percent from the prices a week earlier, before the central bank of Myanmar changed its reference exchange rates, official data showed Tuesday. TO GO WITH "Petrol, diesel prices up around 3 pct in Myanmar" (Photo by Myo Kyaw Soe/Xinhua)

Bangladesh hikes fuel prices to highest in history

STORY: Bangladesh hikes fuel prices to highest in history DATELINE: Aug. 7, 2022 LENGTH: 00:03:25 LOCATION: Dhaka CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations in Bangladesh STORYLINE: Bangladesh's retail fuel prices have been hiked to levels not seen since the country's independence in 1971. The Bangladeshi government Friday night hiked the fuel prices by up to 51.7 percent with effect from Saturday. According to a price notification from the Ministry of Power, Energy and Mineral Resources, a liter of octane now costs 135 taka (1.43 U.S. dollars), which is 51.7 percent higher than the previous rate of 89 taka (0.94 dollars). The prices of diesel and kerosene have been increased by 42.5 percent to 114 taka (1.20 dollars) per liter. Also, each liter of petrol now costs 130 taka (1.37 dollars), a rise of 44 taka or 51.1 percent, said the press release. Officials said the latest price hikes at the retail level were inevitable to reduce the subsidy burden on state-run distribution companies. Als

Britain's inflation hits fresh 40-year high as fuel, food prices surge

STORY: Britain's inflation hits fresh 40-year high as fuel, food prices surge DATELINE: July 21, 2022 LENGTH: 00:01:34 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): NIKKI, London resident 2. SOUNDBITE 2 (English): PAULA, London resident 3. Various of a petrol station in Edinburgh in June 4. Various of streets in Edinburgh 5. Various of streets in Glasgow 6. Various of London skyline 7. Various of streets in London STORYLINE: Official statistics showed on Wednesday, amid rising prices for motor fuels and food, Britain's Consumer Prices Index (CPI) rose by 9.4 percent in the 12 months to June, hitting a fresh 40-year high. According to the Office for National Statistics, on a monthly basis, the country's CPI rose by 0.8 percent in June 2022, compared with a rise of 0.5 percent in June 2021. SOUNDBITE 1 (English): NIKKI, London resident (Are you seeing the price is going (up) really quickly?) Yes, yes. (Which part of the cost?) Electricity is the main one for most people. So electri

NEW ZEALAND-INFLATION

NEW ZEALAND-INFLATION

(220718) -- WELLINGTON, July 18, 2022 (Xinhua) -- People shop at a supermarket in Wellington, New Zealand, July 18, 2022. New Zealand's consumers price index increased 7.3 percent in the June 2022 quarter year-on-year, a 32-year high due to higher prices for construction and petrol, the country's statistics department Stats NZ said on Monday. (Xinhua/Guo Lei)