Ungase Unyuke u-Petrol ngo-November

Written by on 13 October, 2021

By: Staff Writer

The Bureau for Economic Research predicts a rise in fuel prices in November as global oil prices continue to climb.

According to BER, the Organisation of Petroleum Exporting Countries Plus’ oil grouping’s vote against a ramp-up of output means the increased demand for oil has pushed the price of Brent crude above 80-dollar a barrel.

This is higher than the average of 75-dollar a barrel last month. Economists say the increase depends on local currency moves during October.

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