East Africa: Fuel to Cost More as Crude Prices go up
Consumers in East Africa will pay more for refined petroleum products, as global crude oil prices rise.
Ecobank Research, an arm of Ecobank Group, said crude oil prices on the international market have rebounded upwards from $50 a barrel, following a decision by members of the Organisation of Petroleum Exporting Countries (OPEC) and other producers in early December 2016, to cut output by 1.8 million barrels per day.
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Posted on : Saturday , 21st January 2017