Sunday , May 28 2023
Home / Tag Archives: energy prices

Tag Archives: energy prices

2022 leaves Europe in grip of energy crisis

Valletta, Malta | Xinhua | In Slovenia, Vukadinka Marija Pavlin does not turn on radiators all the way even when the weather gets cold, and washes clothes and dishes at night when electricity is at its cheapest. Thanks to her extreme frugality with electricity consumption, she has avoided the need …

Read More »

EU proposes new measures to combat high energy prices

Brussels, Belgium | Xinhua | The European Commission has proposed a new package of measures aimed at improving stability in European gas markets. Presented by European Commission President Ursula von der Leyen and other European Commissioners on Tuesday in Strasbourg, France, the measures include joint gas purchase, the creation of a …

Read More »

G7 summit concludes, pledging new sanctions on Russia

Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …

Read More »

Italy lowers fuel taxes to help tackle surging prices

Rome, Italy | Xinhua | Italy’s government on Monday adopted a decree that eliminates excise taxes on some forms of natural gas and methane to help tackle surging energy prices due to the Russia-Ukraine conflict. According to a statement from the office of Prime Minister Mario Draghi, excise taxes on gasoline, …

Read More »