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Tag: prices

Energy prices to increase for millions as Ofgem raises cap

Energy prices to increase for millions as Ofgem raises cap

Business
More than half of British households are set to see an increase in the cost of energy in April after the regulator, Ofgem, raised price caps.Ofgem sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs.The new cap could see these households typically pay an extra £117 a year.The regulator is allowing suppliers to cover the higher costs they face on the wholesale market."We can assure these customers that they remain protected from being overcharged for their energy and that these increases are only due to actual rises in energy costs, rather than excess charges from supplier profiteering," said Dermot Nolan, chief executive of Ofgem. About 11 million households are on defau...
Apple hints at lower iPhone prices as sales fall

Apple hints at lower iPhone prices as sales fall

Technology
Apple boss Tim Cook has hinted it could lower iPhone prices in some places in an attempt to boost falling sales.Revenue from the iPhone, responsible for most of the firm's profits, fell 15% in its latest financial quarter.Overall the firm's revenue was down 5% from a year ago to about $ 84.3bn (£64.5bn).The slowdown had been expected after the tech giant warned investors earlier this month that revenue would be about $ 84bn, lower than expected.The firm had blamed the issues partly on an economic slowdown in China.But chief executive Tim Cook said customers were also struggling with the firm's high prices.He said a strong dollar, which makes its products comparatively more expensive, had hurt its sales in emerging markets.M...
Fuel prices down 30 paise, petrol at new 2018 low

Fuel prices down 30 paise, petrol at new 2018 low

Finance
NEW DELHI: Domestic fuel prices fell around 30 paise on Saturday as the cost of petrol touched fresh low levels for 2018 across the four metros. In the national capital, petrol price was at Rs 69.26 per litre, 29 paise down from the Friday's levels of Rs 69.55 per litre, data on the Indian Oil Corp's website showed. Cost of the fuel in Delhi fell below the Rs 70 per litre mark on December 24 for the first time in the year since January. In Kolkata, Mumbai and Chennai too, prices of the fuel fell to new lows for the year at Rs 71.37, Rs 74.89 and Rs 71.85 respectively, down from the previous levels of Rs 71.65, Rs 75.18 and Rs 72.16 per litre. The decline in domestic fuel prices comes amid the recent fall in global crude oil prices. As per the country's dynamic pricing mechanism, the domest...
Train ticket prices to rise by 3.1% in January

Train ticket prices to rise by 3.1% in January

Business
The price of train tickets will rise by an average of 3.1% in January, the rail industry has announced. The new fares will come into force on 2 January.Fares regulated by the government - around 40% - are set at July's RPI, which was 3.2%.These include season tickets on most commuter routes, some off-peak return tickets on long-distance journeys and flexible tickets for major cities.Other fares are set by train operators.The overall rise of 3.1% announced on Friday is just slightly less than the latest wage growth figure of 3.2% for the three months to September.Rail Delivery Group chief executive Paul Plummer said: "Nobody wants to pay more to travel, especially those who experienced significant disruption earlier this year."Money from fares is underpinning the improvement...
CMS launches tool that prices surgeries for patients

CMS launches tool that prices surgeries for patients

Health
Nov. 27 (UPI) -- The Centers for Medicare and Medicaid Services, or CMS, on Tuesday unveiled a new online tool that gives consumers the power to compare Medicare payouts for various hospital procedures. The Procedure Price Lookup tool allows users to see the national averages for what Medicare pays to hospitals or ambulatory surgical centers, along with the national average copayment amounts that beneficiaries without Medicare supplemental insurance would pay the provider. "We must do something about rising cost, and a key pillar is to empower patients with the information they need to drive cost and quality by making our healthcare system evolve to one that competes for patients," Seema Verma, administrator of CMS, wrote in a blog post. The launch of the lookup tool comes almost two year...