But since news of the rise in oil prices broke, supermarkets’ oil stock has dwindled drastically. The government eliminated subsidies on oil in supermarkets, which will lead to a sharp rise in the price of oil. Oil Prices In Supermarkets Set To TripleOil price increases have been capped at 30 percent and while markets have largely accepted this mark, they don’t accept the proposed timeline. I will relish in that noise this week before oil falls victim to prices gone wild. The sound of oil popping in a pan on top of the stove is like a beautiful serenade to my empty stomach.

Source: The Bubble July 26, 2016 16:51 UTC