Petrol-Diesel Price Update: There has been no change in the prices of Petrol-Diesel for a long time, but now soon the general public is going to get relief. Let us tell you that since April 6, the prices of petrol and diesel have neither increased nor been cut in any way. Regular prices remain the same. Many steps are being taken by the government to cut the prices, after which the prices will be cut soon. Experts believe that soon the prices will be cut by up to 10 percent.
Brent crude reached January level
There is a possibility of a big fall in the prices of crude oil in the global market. According to experts, at this time the price of Brent crude has continuously fallen and reached the level of January. At the same time, there has not been any reduction in the prices of domestic oil during this period, so it is believed that soon there will be a huge reduction in the prices of petrol and diesel.
Crude oil slipped from $ 150 to $ 85
Currently, the price of Brent crude is trading near $85 per barrel. At the same time, the price of WTI Crude has come down to the level of $78 per barrel. At the same time, in the beginning of the year, the price of crude oil had reached the level of $150 and today it is trading between $85 and $75.
Bound to fall
Let us tell you that the prices of petrol and diesel in the domestic market fluctuate due to the ups and downs in the prices of crude oil in the global market, but here there is constant stability in the prices, so there is bound to be a huge fall in the prices and it is believed that Is that this decline may come soon.
Why the decline in the global market?
According to commodity experts, if there is a reduction of 1 dollar in the prices of crude, then after this the refinery companies save about 45 paise. On the other hand, according to this, the losses of these companies would have been covered by now, then there would be a big fall in the prices. Explain that due to the slowness in the global economy, fuel consumption is decreasing worldwide, due to which the global market is continuously declining