Rising oil prices: 4 areas where S'poreans can be affected

Petrol prices have gone up by between five and 10 cents since Jan 31, according to petrol and diesel price tracker Fuel Kaki. ST PHOTO: BENJAMIN SEETOR
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SINGAPORE - Oil prices are on the rise as fears mount over a possible invasion of Ukraine by top oil producer Russia, with Brent crude oil surging past US$90 a barrel on Monday (Feb 14).

A Ukraine invasion could trigger US and European sanctions, which would disrupt oil exports from Russia and add pressure to prices at a time when the Organisation of the Petroleum Exporting Countries (Opec) and its allies are struggling to meet their output targets.

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