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Saturday, 6 January 2018

ANALYSIS: Fuel price increase and a nation in denial

ANALYSIS: Fuel price increase and a nation in denial

Across the globe, many countries are responding to the increase in the price of crude. Only last week, Saudi Arabia, the world’s largest producer and exporter of crude, announced plans to raise petrol and jet fuel prices in January in an effort to reduce energy subsidies and bolster state finances.

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World Energy Consumption