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Oil Price Now 74$ Per Barrel , Why Is Fuel Still Selling For 1340/ Liter?

Oil Price Now 74$ Per Barrel , Why Is Fuel Still Selling For 1340/ Liter?

Please I am not understanding this stuff at all
Fuel price increased immediately oil rose to $118/ barrel from about 850- 1350, and now that oil is back to $74/ barrel , why is fuel still being sold at 1350??

I thought it’s forex that runs this oil economy.

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