Oil price nears USD 90; petrol and diesel price freeze enters record 83rd day
NEW DELHI: With the forthcoming high stake assembly elections in states like Uttar Pradesh and Punjab, the freeze on petrol and diesel prices is now the longest ever even as international oil prices climbed to USD 90 per barrel for the first time in seven years.
Brent – the key global oil benchmark – soared to USD 90.02 per barrel on Thursday amid tensions between Ukraine and Russia, the world’s second-largest oil producer that have fanned fears of energy supply disruptions to Europe.
