Fuel price to go up

Spiralling international oil prices could spark local fuel price hikes, a development that is certain to have ripple effects on cost of everything else.

Prices of fuel have been hovering around $120 per barrel, driven largely by uncertainty in oil-producing countries such as Libya.

Libya holds the largest proven oil reserves in Africa and the conflict there has been cited as the cause of recent crude oil hikes.

This story is for NewsDay subscribers.