Social News

Good News For Common Man Petrol Diesel May Be Cheaper Soon

If we look at the prices of crude oil in the global market, it is currently at the lowest level of 7 weeks. Oil companies have increased supply in recent times. Japan on the other hand has said. Born in Europe due to the Covid pandemic. To overcome the shortage of gas, he will open his gas mine.

good news for common man

Crude oil is expected to be cheaper in the international market. Due to this, petrol and diesel can also be cheaper in the domestic markets of the country. A report by ‘CNBC’ states that a major fall in the prices of Brent and US West Texas Intermediate (WTI) has been seen in the global market. Both of these benchmarks have recorded the biggest decline since October. In this sense, the prices of petrol and diesel may decrease in the rest of the world markets. A similar situation can be seen in India as well.

Read More: Girlfriend Came Up with Such A Trick To Take Revenge On Ex-Boyfriend

biggest drop in 7 weeks

If we look at the prices of crude oil in the global market, it is currently at the lowest level of 7 weeks. Oil companies have increased supply in recent times. Japan on the other hand has said. He will open his gas mine to overcome the gas shortage created in Europe due to the Kovid epidemic. Due to both these reasons, the prices of oils in the international market seem to be falling. If the supply of crude oil increases and Japan opens gas mines. In the future, its good effect will be seen in the whole world.

Situation will worsen as Kovid increases

If the wave of Kovid rises again, then there may be lockdowns in the countries of the world. Restrictions on movement can be seen. In such a situation, the demand for oils will fall. Falling demand will reduce supply and this may lead to an artificial shortage of oils in the world markets. Like the situation before Corona, when the demand for oils is stable, then the prices of crude oil are also likely to be stable.

Petrol diesel price is decided on this basis

What are the crude prices in the international market along with forex rates? On this basis, the prices of petrol and diesel change daily. After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. Domestic oil marketing companies can reduce the prices of petrol and diesel due to the fall in the price of crude oil in the international market.

Leave a Reply

Your email address will not be published.

Back to top button