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Page 47 - ஆற்றல் அமைச்சர் ப்ரிந்ஸ் அப்துலஜிஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pump prices join oil s wild ride but risk slamming brakes on recovery

5 Min Read LONDON/NEW YORK/SINGAPORE (Reuters) - With oil prices surging as producers curb supply, fuel prices in many countries have hit multi-year and even all-time highs despite the pandemic knocking demand by millions of barrels per day. FILE PHOTO: A diesel fuel nozzle with new European labels to standardise gasoline pumps in the EU zone is seen at a petrol station in Nice, France, October 12, 2018. REUTERS/Eric Gaillard The high prices at the pump could hamper a slow and fragile economic recovery as they contribute to inflation and strip consumers of cash to spend, especially in developing countries where the impact of the pandemic remains acute.

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