With prices at pumps starting the year at their highest since 2014, cost of food and other essentials is also predicted to go up.
Drivers could face higher petrol and diesel prices as a result of the vote to leave the eu, retailers suggest. Petrol prices have hit their highest point in two years and it is time for australians to fight back, the accc says.
Fuel prices are set to rise by another 5p a litre before the end of the month as soaring cost of oil and weak pound leads to a 'double whammy' for drivers.
What is itthe prices of petrol and diesel in indian cities have risen to their highest level since late 2013 this has come as a surprise to many since the price of crude oil, a major. This essay will review how the rising fuel prices affect the different macroeconomic variables such as inflation, rising production cost, unequal economic conditions between oil exporting.
Rising pump prices are all over the national media today, with the mirror highlighting “fuel price misery” for people heading off on road trips over the bank holiday weekend. Rising prices including those of petrol and diesel were among the reasons that brought down the upa government of manmohan singh, whom the then gujarat chief minister narendra modi had. Rising petrol prices is a big reason for worry as it has a direct effect on the prices of our basic needs during the last 1 years the petrol prices have seen a steep increase which is a big. Petrol price has surged to a four-year high of rs 7373 a liter while diesel rates touched an all-time high of rs 6458 in delhi.