Crude oil prices are now back to where they were in January 2022, but retail pump prices are now more than 20% above prices back then. Many are wondering why. Without cost transparency suspicion understandably abounds. In mid January 2022, before Russia invaded Ukraine, WTI crude oil was trading below US$ 90 a barrel. Then […]
Swiss parliamentary commission supports fuel tax hike
The parliamentary environmental commission has endorsed a plan to increase the taxes on fuel in Switzerland. Following support for a fuel tax increase by the Council of States, Switzerland’s upper house, the commission said it supports a rise of 10 cents a litre until 2024 and 12 cents a litre from 2025. These increases are […]