State dilemma deepens on global oil price rally

fuel prices, fuel subsidy, petroleum development levy
[Image source: Pond 5]


Business Daily | by Constant Munda


Global oil prices rallied to a two-year high on Monday, deepening a dilemma for the government that is desperate for options of diffusing public outrage over costly fuel amid an economic weigh down by the Covid-19 pandemic.

Oil prices struck $73.44 a barrel on Monday, the highest since May 2019…

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