NAIROBI, June 15 (Xinhua) -- Kenya will gradually raise its domestic fuel prices as it works to end a subsidy program that is becoming unsustainable due to a faster surge in oil prices in the global market, a government official said Wednesday. Ukur Yatani, the cabinet secretary of the Nat...
NAIROBI, April 14 (Xinhua) -- Kenya will forge on with its fuel subsidy program despite the global disruption of supply of the commodity that has pushed up prices putting a strain on the initiative as the country faces a major fuel crisis, a government official said Thursday. Monica Juma, ...
We are already seeing that the Treasury is planning to allocate Sh10 billion to compensate oil marketers for the month of March and another Sh15 billion for April under the supplementary budget. Once we go the subsidy way there is little room to turn back, and the taxpayer will have to...
Does fuel price subsidy work? Household energy transition under imperfect labor market in rural ChinaBiomass energy using behaviorsImperfect labor marketShadow wagePrice incentivesQ400Q420Q480Dependence on traditional biomass energy, such as crop residues and firewood, has a number of negative impacts on ...
Japan has raised its fuel subsidy for refiners and oil products importers for the first time in two weeks to Yen 24/liter (15 cents/ liter) for June 20-26, from Yen 21.10/liter the week before, the government said June 19. The government, which reviews the subsidy every week, increased...
2022 saw a small rise in Ene-Farm shipments, but it was also the year when kfW-433 funding and PACE placements ended. While the objectives of greater volume and reducing cost were met, unit costs remain unattractive, and the lack of subsidy questions the business model. China's regional ...
But what exactly is an “inefficient fossil fuel subsidy”? The government still doesn’t know. “The work to put parameters around the definition of inefficient is ongoing,” said Hilary Geller, an assistant deputy minister for strategic policy at Environment and Climate Change Canada, on Thursda...
Our results underscore the risk of carbon-neutral aviation remaining a subsidy-dependent sector. While the airplane operator can achieve carbon neutrality without vehicle replacement, outsourcing responsibility to renewable fuel suppliers reduces control over sustainability improvements. However, optimizing the ...
For starting the LNG fuel supply business, the parties also applied, in January 2022, for support from the subsidy program for development of LNG bunkering bases , the Ports and Harbours Bureau, Ministry of Land, Infrast...
A staff member fuels a vehicle at a gas station in Athens, Greece, on June 21, 2022. Greek Prime Minister Kyriakos Mitsotakis announced on Tuesday the extension of a subsidy for fuel consumption for the next three months, to ease the burden on budgets of households and businesses amid the ...