Asia oil bill to top $1 trillion a year as crude hits $80

The price of fuel goes up effective midnight tonight.

A worker fills a car with diesel at a fuel station in Suva in April. Picture: FT. File

SINGAPORE/MUMBAI/MANILA  – The cost of Asia’s growing thirst for oil will surpass $1 trillion this year, about twice as much as in 2015 and 2016, as oil prices touch $80 per barrel and continental demand hits a record. Oil prices have risen nearly 20 percent since January and topped $80 per barrel in intraday trading […]

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