INTERNATIONAL oil firms have established a cartel which is conniving on retail fuel prices on the local market, preventing a cut in prices industry and other interest groups say could have significantly helped heal the frail economy. According to investigations by the Financial Gazette, at least four global oil players have established a significant presence […]
Tag Archives: Fuel
February 2, 2015 Source: U.S. Energy Information Administration, On December 29, 2014, Entergy shut down its Vermont Yankee nuclear facility after 42 years in service. Vermont Yankee had a capacity of 604 megawatts (MW), generating nearly five million megawatthours (MWh) of electricity per year since 2010. As the fifth-largest source of generation in New England, […]
By Peter Adamu The Energy Regulation Board (ERB) has effective midnight tonight Friday, 30th January announced a Low Sulphur Gasoil price reduction. ERB Board Chairman Pastor Geoff Mwape in a statement issued to QFM News that the price for Low Sulphur Gasoil has been reduced by 83 Ngwee per litre from K10.72 to K9.89 representing […]
January 20, 2015 Source: U.S. Energy Information Administration, based on NERC 2014-15 Winter Reliability Assessment The North American Electric Reliability Corporation’s (NERC) recently released finds that all assessment areas have enough capacity resources to meet normal winter peak electricity demand. However, NERC highlights lower levels of reserves (spare capacity) in specific regions under an extreme […]
By Peter Adamu The Energy Regulation Board has announced a further reduction in fuel pump and wholesale prices effective midnight Friday 16th January, 2015 in view of the continued slide in international oil prices. The pump price of petrol per litre has been reduced from K9.89 to K7.60 representiFuel Pump 2ng a reduction of K2.29, […]
By Alvar Mwakyusa THE first shipment of petroleum products for the long-awaited Strategic Petroleum Reserve (SPR) is expected in the country between the end of this year and early 2015, it has been revealed. Creation of the SPR will help the country cushion itself from both local and global unexpected shocks which could lead to […]
September 25, 2014 Source: U.S. Energy Information Administration, based on Census Bureau . LPG is liquefied petroleum gas. On a national basis, natural gas has long been the dominant choice for primary heating fuel in the residential sector. Lately, electricity has been gaining market share while natural gas, distillate fuel oil, kerosene, and liquefied petroleum […]
By Gresham Ngwira Blantyre — Minibus Owners Association of Malawi (MOAM) has commended Government for reducing fuel prices. MOAM Secretary General, Coxley Kamange made the commendation in an interview with Malawi News Agency on Thursday in Blantyre. He observed that there cannot be any good news than the reduction in fuel prices saying normally fuel […]
August 19, 2014 Source: U.S. Energy Information Administration, State Energy Data System and International Energy Statistics Note: 2012 shares for Puerto Rico, U.S. Virgin Islands, Guam, and American Samoa based on 2011, the most recently available data. Data for the Northern Mariana Islands were unavailable. Unlike the rest of the United States, energy consumption in […]
July 25, 2014 Source: U.S. Navy, used with permissionNote: Above, clockwise from left: Fleet replenishment oiler USNS Henry J. Kaiser (T-AO 187), aircraft carrier USS Nimitz (CVN 68), destroyer USS Chung-Hoon (DDG 93), and cruiser USS Princeton (CG 59). Great Green Fleet demonstration, July 2012. Recently the Department of Defense (DoD) released its for bulk […]
July 22, 2014 Source: U.S. Energy Information Administration, Note: Years represent vehicle availability in the midsize passenger car size class. Vehicle price and fueling costs are important factors consumers take into account when deciding to purchase a new light-duty vehicle. While vehicle purchase is influenced by cost and fuel economy, other important factors such as […]
July 15, 2014 Source: U.S. Energy Information Administration, modified from Although light-duty vehicle types such as diesel, full-hybrid, plug-in hybrid, and plug-in electric have garnered significant attention in recent years as ways to reduce petroleum consumption and lower consumer fuel costs, standard gasoline vehicles, including those that use micro and mild hybridization, of new sales […]
Accra — Petroleum products have increased by between 15 and more than 20 percent, the National Petroleum Authority (NPA)announced. The price increment took effect Monday. The price of petrol (premium) saw the highest increase up 23,08 percent to GH¢3.36 a litre. Kerosene saw an increase of 23,75 percent while diesel increased 22,01 percent to 327pesewas. […]
Cairo — “If you don’t like the price, go talk to your government,” a microbus driver shouted at his passenger. “What do you expect me to do? Take the price hit and feed my children pebbles?” The two squabbled, drawing in onlookers into a heated debate at a Cairo bus station. Egypt’s government has announced […]
July 11, 2014 Source: U.S. Energy Information Administration, Annual Energy Outlook 2014 Note: Calculations in graphic assume a fuel price of $ 3.50 per gallon and annual travel of 12,000 miles per vehicle. Fuel costs, which depend on vehicle fuel economy, miles driven, and fuel price, are an important factor in vehicle purchasing decisions. However, […]
