Petrol could hit Rs 100 in states with high VAT as 3 Wall Street banks see oil at $70

There could be more bad news for fuel consumers who may not get any respite from flaring fuel prices in the near future. Three Wall Street banks – Goldman Sachs, Morgan Stanley and Bank of America – have forecast oil at $70/barrel in the next few months and even a spike to $75 thereafter.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NW1RbE