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Oil industry split on fuel increases

11th May 1989, Page 7
11th May 1989
Page 7
Page 7, 11th May 1989 — Oil industry split on fuel increases
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• Oil industry analysts are split over the prospect of big increases in fuel prices. Barclays de Zoete Wedd predicts hikes in diesel prices. But Oil Price Assessment does not believe prices will zoom. The February-April increase in gas oil, from $145-8162/ tonne, equates to a rise of about 0.9p/litre which has already been added to diesel pump prices, says OPA.