Iraq has descended two positions in the global ranking of countries with the lowest fuel prices, now standing at 13th place, data by the Global Petrol Prices website demonstrated on Wednesday. The website’s table for May 2023 reveals that Iraq’s position has deteriorated from its previous 11th rank among the …
Read More »Iraq ranks 12th among countries with the cheapest gasoline prices
The average price of gasoline in Iraq reached 5.14 U.S. dollars per liter. In its report for January 2023, Global Petrol Prices said that Iraq ranked 12th among countries with the cheapest gasoline prices (514 cents per liter) and fifth among Arab countries, preceded by Libya, Syria, Algeria, and Kuwait. …
Read More »Britain says fuel crisis under control, but some gas pumps still empty
Britain said on Thursday that a gas station crisis caused by an acute shortage of truck drivers was back under control but many pumps remained closed in London leaving motorists searching or queuing for hours to fill their tanks. In a chaotic week where fights broke out at gas stations …
Read More »Lebanon’s government raises fuel prices amid violence, roadblocks
Lebanon’s government raised fuel prices on Tuesday, after agreeing last week to effectively cut fuel subsidies, a move aimed at alleviating crippling shortages but which will increase the pressure on impoverished consumers. The average price of 95-octane gasoline was set at 61,100 Lebanese pounds ($40.58) per 20 liters, an increase …
Read More »US pipeline operator pays $5 million ransom to hackers after fuel prices soar
The operator of a critical US pipeline that provides the East Coast of the country with nearly half of its gasoline and jet fuel reportedly shelled out $5 million ransom to hackers, clearing the way for the pipeline to function normally again. According to reports in the US media, Colonial …
Read More »Cyberattack Forces a Shutdown of a Top U.S. Pipeline Operator
The operator of the system, Colonial Pipeline, said it had shut down its 5,500 miles of pipeline, which takes refined gasoline and jet fuel along the East Coast. A cyberattack forced the shutdown of one of the largest pipelines in the United States, in what appeared to be a significant …
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