Fuel prices: Why some relief should be just around the corner for drivers

  • Date: 20-Jul-2021
  • Source: SkyNews
  • Sector:Economy
  • Country:Gulf
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Fuel prices: Why some relief should be just around the corner for drivers

Anyone filling their car or van will not have failed recently to have noted the rising price of petrol and diesel.

The cost at the pumps this weekend hit its highest level since 2013, reflecting, in turn, a surge in the price of crude oil.

A barrel of Brent Crude, having sunk to a low of $15.98 on 22 April last year - when the price of some crude contracts went negative - rallied to as high as $77.84 earlier this month, a level last seen in October 2018.