The Energy Regulatory Commission is expected to slash fuel prices significantly next week, with some analysts projecting a cut of up to 10 per cent at the pump based on the ongoing slump. Although prices have consistently reduced in the last three months, experts argue, it has taken too long for the local consumer to feel major relief of cheap crude and refined petroleum products. A barrel of Brent crude, whose price snapped owing to global oversupply, rose to about $51 yesterday after falling to below $50 on Wednesday. Aly-Khan Satchu, an independent analyst, said consumers would save a lot...
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