Fears Over Fresh Fuel Price Hike As Crude Oil Prices Top $81/pb
There is renewed concern that the prices of Premium Motor Spirit (popularly known as petrol), Automotive Gas Oil (diesel) and other refined petroleum products may shoot up soon. The fresh scare is coming in the wake of increase in the cost of international crude oil prices, including Brent which hit $81.09 per barrel (pb) on Monday, January 13, as against about $76 just last week even as the Federal Government's 2025 budget proposal estimates a benchmark oil price of $75 pb. Brent price increase arose from tensions such as sanctions slammed on Russian oil exports, which sparked supply concerns. In…