Explorer
Know why fuel prices are rising
Global oil price is above $55 per barrel currently. Crude prices have remained firm for the last couple of weeks in the wake of unilateral production cuts announced by Saudi Arabia and a pick up in the consumption in all major economies globally.
The last time the retail price of auto fuels were closer to current levels was on October 4, 2018 when crude prices had shot up to $80 a barrel.
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Dr Prosenjit NathThe writer is a technocrat, political analyst, and author.
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