CNA Explains: Why is diesel now more expensive than petrol?
Tamara Ceaikovski
Diesel prices are expected to stay above petrol levels for at least the next year, an analyst says. SINGAPORE: When conflict erupted in the Middle East, global crude oil markets were rattled, and pump prices followed. Petrol spiked first , with motorists feeling the pinch within days. But the dynamic has since shifted: diesel has overtaken petrol in price, and analysts say the gap is unlikely to close anytime soon. A week before the war broke out in late February, major pump stations in
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