Discover and read the best of Twitter Threads about #fuel

Most recents (24)

#PriceHikesSL

⛽CEYPETCO #fuel price hike (price/L):

🔴92 Petrol: Rs. 470/-

🔴95 Petrol: Rs. 550/-

🔴Auto Diesel: Rs. 460/-

🔴Super Diesel: Rs. 520/-

#SriLankaCrisis #EconomicCrisisLK
#PriceHikesSL

🍚🍛🍲
Price of Rice packets and food items 🔼 by 10%
-All Ceylon Restaurant Owners Association

#SriLankaCrisis #EconomicCrisisLK
Read 6 tweets
#ETHANOL story we are hearing a lot and #Sugar Sector is in news as well.

In this #thread 🧵, let's see "𝗛𝗼𝘄 𝗜𝗻𝗱𝗶𝗮 𝗶𝘀 𝘂𝘀𝗶𝗻𝗴 𝗦𝘂𝗴𝗮𝗿 𝘁𝗼 𝗦𝗮𝘃𝗲 #𝗣𝗲𝘁𝗿𝗼𝗹."

Like❤️ and Retweet🔄if you find this Thread Interesting!
PM Modi on 5th June, World Environment Day, announced that India has achieved 10% ethanol blending of petrol, five months ahead of schedule.

This is 4 times than in 2014, when it was just 2%.

But what is #Ethanol and why are mixing it with #Fuel?
Ethanol:

Ethanol or Ethyl Alcohol is a biofuel, it can be produced from biomass such as sugarcane, corn, etc. which have high starch content.

In India, ethanol is mainly produced from sugarcane through fermentation.
Read 18 tweets
The @federalreserve’s Federal Open Market Committee raised the target range for the Federal Funds #policy rate by 0.75% yesterday, to between 1.50% and 1.75%, as was increasingly anticipated.
The move by the #Fed to progress faster to neutral will be applauded in the long run by the #economy, business decision-makers and ultimately by# markets.
Like putting your car’s transmission (automatic or manual) into #neutral, getting to that place allows for decision-making flexibility given changing road conditions, particularly when the road to the #destination has become increasingly #murky.
Read 13 tweets
Core #CPI (excluding those volatile #food and #energy components) came in at 0.6% month-over-month and rose 6.0% year-over-year.
Meanwhile, headline #CPI data printed at a very strong 1.0% month-over-month and came in at 8.6% year-over-year, spiking higher on #shelter, #gas and food costs.
These persistently outsized gains in #inflation are clearly having an impact on business and #ConsumerConfidence. Also, the #Fed’s favored measure of inflation, core #PCE, increased 0.34% in April, bringing the year-over-year figure for the measure to 4.9%, as of that month.
Read 14 tweets
Why the #oil embargo #sanctions is a disaster for #Europe & what you are not being told. A thread. Inflation of energy prices are is at all time high. In #USA which is a large producer #fuel #gasoline are up 48 % & 100 % over a year. Situation is much worse in #EU
In fact #EU is pumping more #oil from #Russia than before the #WarInUkraine. The #sanctions decided by the #EuropeanUnion are going to be imposed gradually & touch only #oil transported by sea. But you are not being told the truth . #Energy prices are hitting hard the consumers/2
will continue to grow while #Russia will make more money off gas & exports this year by exporting less, yes you read that right, because when you reduce the offer, the prices go up. But surely our leaders know what they do & have a long term strategy./3 msn.com/en-us/money/ma…
Read 19 tweets
A quick 🧵 on the potential economic impact of the rail strikes.

In short, not a game-changer, but certainly another blow the UK could do without... 🙄 (1/5)

#RailStrikes
Unions must give warning, so there is some time to make alternative plans.

The series of 1-day #strikes (Tue 21, Thur 23, Sat 25) might be less disruptive than a single, prolonged stoppage, because some customers may be able to reschedule their use during the breaks... (2/5)
Some of the costs to the economy could also be reduced by ‘home working’, and by the diversion of leisure spending to other activities.

Nonetheless, there will be significant disruption to passenger traffic, and possibly to freight, including supplies of essential goods... (3/5)
Read 5 tweets
𝐀𝐳𝐢𝐦𝐢𝐨 𝐦𝐚𝐧𝐢𝐟𝐞𝐬𝐭𝐨 𝐥𝐨𝐧𝐠 𝐨𝐧 𝐩𝐫𝐨𝐦𝐢𝐬𝐞, 𝐬𝐡𝐨𝐫𝐭 𝐨𝐧 𝐝𝐞𝐭𝐚𝐢𝐥, 𝐛𝐮𝐭 𝐠𝐨𝐨𝐝 𝐟𝐨𝐫 𝐝𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧- an article by @LeoKemboi & @IEAKwame
#KenyaPublicSquare
#Cynicaldea @IEAKwame and @LeoKemboi aserts that an indispensable requirement for every coalition should do as opposed to the fancy stories it can tell.
In the language of conventional economics thinking, @IEAKwame & @LeoKemboi make the uncontroversial claim that political coalitions should compete on how they can provide public goods as a start & pursue policies that expand the production possibilities frontier for Kenya.
Read 49 tweets
FM #NirmalaSitharaman announces a slew of measures to curb inflation, citing PM #NarendraModi's commitment to help the poor and common man, including a Rs.8 reduction in central excise duty per litre of #petrol and a Rs.6 cut in the duty on #diesel, reports @tragicosmicomic
She exhorted all States, especially those that had not cut State levies when central #taxes on #fuel products were cut the last time in November 2021, to implement a similar cut and give relief to the common man.
A subsidy of Rs. 200 per gas cylinder for upto 12 cylinders a year, will be granted to over 9 crore beneficiaries of the PM Ujwala Yojana.
Read 5 tweets
🌍 Our 2022 #Science Board Symposium on "The #Emergent #PoliticalEconomy or #ClimateChange" kicks off with opening remarks from President David Krakauer.

Follow this 🧵 as we provide live coverage of this event all day...
"For those of you who think behavior change can prevent #ClimateChange...behavior WILL change when climate changes. Shutdowns from the pandemic resulted in a reduction of #C02 emissions of about 7.5%."
- SFI/@Harvard Prof Dan Schrag opens our speaker series today
"We *used* to talk about #ClimateChange used to be something that would happen to people in Bangladesh fifty years from now."

Re: #ClimateJustice,
"Children born today are going to deal with climate change they had no role in causing."

- SFI/@Harvard Prof Dan Schrag
Read 56 tweets
"we’re facing the worst #food #crisis since 2008. It’s a weird time to divert more grain from the food supply to fuel #tanks. In Washington, though, it’s always time to divert grain from food to #fuel."

canarymedia.com/articles/food-… #FoodSystems #EnergySystems
"The amount of corn it takes to fill an #SUV with #ethanol could feed a person for a year, and the #US and #Europe could immediately replace the lost grain exports from #Ukraine’s breadbasket by cutting their #biofuel production in half."
"In fact, a bunch of studies have confirmed that biofuel mandates were a leading driver of the 2008 food crisis, driving up prices by driving up demand for grain and vegetable oil."
Read 5 tweets
A few months ago, #markets expected U.S. #inflation to peak by mid-2022 at around 7% to 8% at the headline level and then anticipated that generalized #price gains would decline into year end, closing the year around 4%.
However, the tragic war now unfolding with Russia’s attack upon Ukraine has not only sent #energy prices skyrocketing but it has led to much greater uncertainty over #economic growth and #MonetaryPolicy reaction functions, in Europe and indeed around the world.
Core #CPI (excluding volatile #food and #energy components) came in at 0.5% month-over-month and 6.4% year-over-year. Meanwhile, headline CPI data printed at 0.8% month-over-month and came in at 7.9% year-over-year, the greatest increase over a 12-month period since January 1982.
Read 17 tweets
Following #Canada's ban on Russian crude - #fuel prices soar to record high. #Food crisis to follow.

Small print: Canada hasn't imported Russian crude since 2019. In 2021 Canada's petrol imports from Russia amounted to 350 million - out of $32 billion.

#War on working class. Image
"The United States has not imported any petroleum gases from #Russia since 2019 and, as I previously reported, only imported 3.5% of the more important category of oil from there in 2021."

forbes.com/sites/kenrober…
Cont'd: "When it comes to petroleum gases, which includes natural gas & liquified natural gas — [] — better than 90% of U.S. imports came from #Canada last yr, w/ none from #Russia."

"Gas prices are the most expensive in US history"

usatoday.com/story/money/20…
Read 5 tweets
#EIA #oil data: #crude -1.9 mln bbls; at 411.6 mln; -13% v 5-yr avg for period
#gasoline -1.4 mln bbls; +1% v 5-yr avg
#distillate -5.2 mln bbls; -18% v 5-yr avg
#propane -1.6 bbls; -21% v 5-yr avg
Total commercial stocks -8.1 mln bbls
#OOTT #OPEC #diesel #shipping #energy
#EIA #oil #data: U.S. #crude oil #refinery inputs averaged 15.4 mln bpd week to March 4, 2022, -21,000 bpd vs previous week; #refineries operated at 89.3% capacity; #gasoline output rose to 9.6 mln bpd, #distillate output fell to 4.6 mln bpd.
#OOTT #diesel #energy #refining
#EIA: #oil data: U.S. crude oil imports averaged 6.3 mln bpd last week, +0.6 million bpd vs previous week; last 4 weeks #crude oil imports averaged 6.2 mln bpd, +10.1% vs year-ago period
#OOTT #OPEC #diesel #shipping #inventory #energy #data #exports #crudeoil #tankers #imports
Read 4 tweets
Let’s talk Property and Business

• Residential Zoning
• Business Zoning
• Industrial Zoning

(Thread) 👇🏽
• Introduction

Understanding the business you want to start before buying your property is crucial.

You will need to adhere to regulations and zoning categories.

Let’s take a look at what I mean 👇🏽
1/
Residential Zoning

It consists of 4 categories,

and restrictions on buildings or buildings to be constructed are determined by 3 things.

• Coverage (40% coverage)

• F.A.R ( floor, area, ratio)

• Density
Read 21 tweets
"I believe IPTC can be a powerful catalyst in the transformation of commitment to action," says Nasir K. Al-Naimi, SVP Upstream of #Saudi @aramco at the International Petroleum Technology Conference #IPTC2022
"We know the world needs us now, perhaps more than ever, to ensure the #energy transition leaves no nation behind," says Nasir Al-Naimi of @aramco at the International Petroleum Technology Conference, held at Riyadh International Convention and Exhibition Centre #IPTC2022
.@Aramco is among the lowest #oil producers in terms of #carbon intensity, Aramco's chairman Yasir Al-Rumayyan says at the International Petroleum Technology Conference #IPTC2022
Read 26 tweets
📡LIVE NOW📡

Finance Minister @nsitharaman is presenting the Union Budget 2022-23 in Parliament

#AatmanirbharBharatKaBudget #Budget2022

Watch here📺 twitter.com/i/broadcasts/1…
Union Finance Minister @nsitharaman rises to present #Budget2022 in Parliament

Watch 📡LIVE📡:

Stay tuned for updates

#AatmanirbharBharatKaBudget
FM @nsitharaman begins presentation of #Budget2022 by expressing empathy with those who had to bear adverse health and economic affects of #COVID19 #Pandemic

Overall sharp rebound and recovery of the economy is reflective of 🇮🇳India's strong resilience

Read 82 tweets
‼️🆕‼️@HEIresearch x IHME study found that coal accounts for the highest #FossilFuel pollution emissions & related deaths 🧵/8⤵️

Read study here »bit.ly/GBDMAPS
According to the study, more than 27% of all deaths are from outdoor fine particulate matter (PM2.5), #coal combustion alone was responsible for half of those deaths, with natural gas and #oil combustion accounting for the other half
💡Notably, the burning of solid biofuels (like wood🪵for indoor heating and cooking 🍳), is another source of PM2.5, accounting for an addition 740k deaths, especially across #SouthAsia and Sub-Saharan #Africa.
Read 8 tweets
JUST IN:
China September CPI
Annual CPI +0.7% [Est. +0.9% Prev. +0.8%]
Monthly CPI +0% [Est. +0.3% Prev. +0.1%]
Annual PPI +10.7% [Est. +10.5% Prev. +9.5%]
#China #inflation #CPI #PPI ImageImage
In September, supply and demand in the consumer market were basically stable, and prices were generally stable. The price of industrial products continued to rise, driven by higher prices of coal and products of energy-intensive industries.
#China #inflation #CPI #PPI
Among the purchasing prices of industrial producers, the price of #fuel and #power up 30.3% y/y;
the price of #ferrous metal materials up 23.3% y/y;
the prices of non-ferrous #metal materials and #wires up 22.6% y/y;
the prices of #chemical raw materials up 20.7% y/y.
#PPI
Read 5 tweets
🇬🇧⛽ British soldiers have begun delivering #petrol to #fuel stations today after fears over tanker driver shortages led to panic buying and forced the government to offer visa waivers to foreign truckers

#fuelshortages #petrolshortage
🚚🇬🇧 "According to experts, 100,000 HGV drivers are missing, partly they left during the pandemic and didn't come back, others have left because of #Brexit," explains our correspondent in the #UK @BenedictePaviot
@BenedictePaviot "It can be linked directly to the shoddy way in which the post-#Brexit transition has been handled by this government," says our international affairs commentator @dougf24 about the #PetrolShortages in Britain
Read 4 tweets
1/9) 🧵
On #PetroleumPrice hike:
#Fuel prices r giving headaches both to ppl & govt of #Pakistan. Former are finding it difficult to cope with #food & #fuel inflation; the later despite losing PDL & GST #revenue, finding it difficult to reduce the impact of expensive #fuel import
2/9) Quicker than expected increased demand for #energy amidst #Covid19 has triggered 🌎energy prices. coal 🇿🇦, Brent crude, & gas prices increased by 150%, 102% & 500% since Aug 2020.
3/9) Depreciation of value of #rupee against #US$ is also turning imported #fuel more expensive for us. But then artificially stabilising (thru SBP intervention) value of rupee has its own implications
Read 9 tweets
There’s a gaping (loop)hole in #climate reporting, calculations & countermeasures—#BlueCarbon!

Must finally put #Seabed #CarbonSink on agenda for #COP26...

Here too #China leads world in #carbon damage—by far.

Time for accountability on #RoadToGlasgow!

foreignpolicy.com/2021/09/10/chi…
#Ocean covers 71% of world’s surface..<10% mapped w/ modern sonar.

Salt marshes, mangroves, seagrass beds & ultra-deep abyssal #seabed absorb large quantities of #CO2 from atmosphere & balancing critical #climate systems.

Disrupting risks grave & potentially irreversible harms
.@Nature: “#marine sediments are the largest pool of organic #carbon on the planet.”

Est. vol. ~7 trillion metric tons—>3X cumulative anthropogenic #CO2 emissions since 1750.

Bottom trawl #fishing & #seabed mining—both #PRC-led—risk damaging disruption.

foreignpolicy.com/2021/09/10/chi…
Read 25 tweets
What is the state of clean cooking #energyaccess in #India?

Based on #IRES2020, our study found that:
➡️Over 70% per cent of Indian households use #LPG as their primary cooking fuel
➡️85% have #LPG connections
➡️54% continue to use traditional solid fuels

Read more 👇 Image
How has #LPGPriceHike affected consumption?
84% of households using traditional #solidfuels with #LPG cited high prices of LPG refills as a reason for stacking fuels. LPG prices have risen by 40% over the last 1 year.
#PressRelease: bit.ly/2Ynelyi Image
80% non-users cite the inability to afford #LPG – either bcz of connection cost or recurring expense on #fuel – as the reason for not having an #LPGconnection.
Using traditional solid fuels for cooking increases exposure to indoor #airpollution for such households.
#LPGPriceHike Image
Read 8 tweets
"UPA government had reduced #FuelPrices by issuing Oil Bonds of Rs 1.44 lakh crores. I can't go by the trickery played by them. Due to Oil Bonds, the burden has come to our government, that's why we are unable to reduce prices of petrol and diesel": FM Nirmala Sitharaman

(ANI)
"People are right to be concerned. Unless the Centre and states discuss a way out, there is no solution possible to this": Finance Minister Nirmala Sitharaman on #FuelPriceHike

(ANI)
"There will be no cut in excise duty on fuel as of now. Exchequer is burdened by interest payments being made for oil bonds floated by UPA Govt. Government has paid over 70,195.72 crores interest in the last 5 years on oil bonds itself": Finance Minister Nirmala Sitharaman

(ANI)
Read 4 tweets
#Oil prices gain, #energy demand in #America ticks up
#Oil prices ticked up at Thursday’s trading session, extending gains after a plunge in U.S. crude oil inventories boosted #fuel demand hopes and hopes of a possible #Brexit deal
Although the plunge in U.S crude #Oil inventories was much smaller than the 3.186-million-barrel plunge many leading #energy experts had earlier envisaged as well as the previous week’s draw of 3.135 million barrels
Read 5 tweets

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