Copenhagen [Denmark], June 25 (ANI/Xinhua): Denmark will temporarily reduce the tax on electricity starting from the fourth quarter of this year as a means of "compensation to citizens for its rising energy prices".
Canberra [Australia], June 9 (ANI/Xinhua): Australia's energy ministers have agreed to an 11-point plan to address the nation's gas crisis when the country's energy prices are spiking due to high winter demand and supply shortages.
Moscow [Russia], June 4 (ANI): Amid surging energy prices, Russian lower house chairman Vyacheslav Volodin said on Saturday said Russia's economy may benefit from the EU oil embargo imposed as part of the sixth sanctions package, while the EU member countries are set to overpay about USD 268
Moscow [Russia], March 23 (ANI/Sputnik): A rise in global energy prices will be unpredictable if sanctions are imposed against Russia's oil and gas, Russian Deputy Prime Minister Alexander Novak said on Wednesday, noting that the global energy market will collapse without Russian hydrocarbon
New York [US], March 23 (ANI/Xinhua): Oil prices retreated on Tuesday after a jump in the prior session, as traders are weighing the prospect of a European Union (EU) ban on imports of Russian oil.
New Delhi [India], March 22 (ANI): Rating agency Fitch on Tuesday lowered India's GDP growth forecast to 8.5 per cent for the financial year 2022-23 citing the risks to the economy due to higher energy prices.
Beijing [China], March 10 (ANI): China is facing the heat of the ongoing Russia-Ukraine war as global energy prices have surged and Beijing is dependent on imports for its energy requirements.
Washington [US], March 8 (ANI): Amid concerns about rising energy prices over the Russia-Ukraine situation, the United States has said no decision has been made by the Biden administration about a ban on importing oil from Russia.
New Delhi [India], January 31 (ANI): Inflation has reappeared as a global issue in both advanced and emerging economies and India needs to be wary of "imported inflation", especially due to high oil prices, according to the Economic Survey 2021-22 released on Monday.
Madrid [Spain], December 21 (ANI/ Sputnik): Electricity prices in Spain will break the record of 360.02 Euros ($405) per megawatt-hour on December 22, the Spanish electricity market operator OMIE said on Tuesday.
Rome [Italy], November 1 (ANI/Sputnik): The G20 countries have agreed on close coordination between producers and consumers on issues relating to energy prices, French President Emmanuel Macron said.
Paris [France], October 22 (ANI/Xinhua): French Prime Minister Jean Castex announced Thursday night a special inflation allowance of 100 euros (116 USD) for people with a net monthly income less than 2,000 euros.