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The expert explained, however, that developing countries are the most victims of prices for the multiple fees that come with, whereas they are the big companies who benefit from this situation are. Mr. Perrin noticed that instability in Nigeria and the kidnapping attempts that are occurring in Delta of Niger, as well as bomb attacks in Yemen and UK raised fears and doubts and contributed to increase oil prices. The expert concluded that the scenario predicting that oil prices would constantly be increasing to reach $ 80 is still possible “ and we won’t be far from what happened during the war on Lebanon, in last year July and August, when oil prices reached the ceil of $78 a barrel.” Mr. Perrain revealed that they are the European countries who impose high taxes on petroleum products, debiting up to 2/3, adding that increasing fuel prices does not please the consumer, whereas governments compensate by taxing. | ||||||||||||||||||
Oil prices can reach $80