Amazon.com Inc is launching a program to double cashback rewards on fuel purchases to up to 12 percent for Amazon Flex debit cardholders, to help Flex delivery partners amid a rise in fuel prices. Amazon Flex, which works like on-demand ride-hailing service Uber, handles speedy deliveries of common household goods to customers through programs like…
Amazon to Double Cashback Rewards on Fuel Purchases as Fuel Prices Rise
Lyft Ties up With Payfare to Hike Fuel Cashback in Bid to Retain Drivers
Lyft Inc.’s Lyft Direct cardholders will receive an increase in cashback rewards of 4 percent to 5 percent on purchase of gasoline until June 30, the ride-hailing firm said on Monday, its latest move to retain drivers amid a rise in fuel prices. Chief Executive Officer Marco Margiotta said the higher cashback in partnership with…
US Carriers Lean on ‘Unparalleled’ Travel Demand to Counter Higher Fuel Costs
March 16, 2022
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U.S. carriers on Tuesday said travel demand has roared back after a blip caused by the Omicron coronavirus variant and would remain strong enough to help them offset a run-up in fuel costs with higher fares. Atlanta-based Delta Air Lines Inc. said it was seeing an “unparalleled” increase in demand, resulting in the highest ticket…
Lyft Joins Uber in Charging Customers Extra for Fuel Amid High Gas Prices
March 14, 2022
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Lyft Inc. on Monday joined Uber Inc. to levy fuel surcharge on rides from customers in an attempt to cushion the impact on drivers’ pockets from higher fuel costs. “Driver earnings overall remain elevated compared to last year, but given the rapid rise in gas prices we’ll be asking riders to pay a temporary fuel…
Australia To Develop Offshore Oil, Gas Amid War-Induced Energy Crisis
Australia will soon begin approving offshore oil and gas exploration projects in a move that could help alleviate the global energy crisis stemming from the Russia-Ukraine conflict. The decision from governments and corporations to cut off imports of Russian oil has led to a spike in fuel prices worldwide—including Australia, where the price at the…
Fuel Prices to Hit Pockets Everywhere
A spike in petrol prices to well above $2 (US$1.46) a litre will hit hip pockets everywhere from the bowser to supermarket shelves, experts are warning. The warning comes as two Nationals MPs call on the federal government to cut the fuel excise as petrol prices continue to climb towards $2.20 (US$1.60) a litre due…
People Know Why Petrol Prices Rising: Aussie PM
Scott Morrison believes Australians understand why petrol prices are going up but won’t say whether there will be help in the budget at the end of the month through a cut in fuel excise. Some parts of the country are paying well over $2 per litre as a result of global oil prices spiking due…
Jet Fuel Price Surge Deals Heavy Blow to Fragile Air Travel Recovery
March 8, 2022
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SINGAPORE—Global jet fuel prices have surged to near 14-year highs in line with crude oil’s surge on supply shortfall worries, slamming air carriers and travellers with steep cost increases just as air travel was starting to recover from COVID-19 restrictions. Oil prices have soared to their highest since 2008 as supplies lag recovering global demand…
Target to Invest up to $5 Billion to Fuel More Growth
NEW YORK—Target will invest up to $5 billion this year in physical stores, remodels, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differentiate itself from rivals. The plans, announced Tuesday at its annual investor meeting held in New York, include opening 30 new stores, from midsize locations…
UK Fuel Prices Reach Record High With Petrol at £1.49 per Litre
British motorists have been hit by fuel prices reaching record highs. The average price of a litre of petrol and diesel at UK forecourts on Sunday was 149p and 153p respectively, according to RAC figures. This means the cost of filling up a typical 55-litre family petrol car is £82, while diesel models cost £84….
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