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Fuel Prices Set to Increase in the coming week: Public are advised to prepare
June 14, 2024
Admin
"Be ready for a sharp increase in domestic pump prices for petrol by Tuesday next week, as we've observed significant activity in the global oil market over the past four days," cautioned Romero.
Director Romero highlighted several factors driving adjustments in pump prices, including optimistic global demand forecasts from both the EIA and OPEC, alongside an expected drop in US crude inventories.
This impending price hike serves as a stark reminder of the global economy's influence on everyday consumer expenses. As motorists brace themselves for higher costs at the pump, vigilance is key. Keep a keen eye out for updates as these market fluctuations reshape commuting budgets in the days ahead.