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CNN | Fuel Oil Price Will Increase if Crude Oil Hit US$120 per Barrel

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The Executive Director of the Institute for Essential Services Reform (IESR) Fabby Tumiwa said that the increasing price of global oil has the potential to increase fossil fuels price as well. According to him, an increase has the potential to occur for diesel types or those with RON 92 levels and above because the selling price follows the latest production price.

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