Due to increase in the stock of crude oil, the price will be controlled, will the price of petrol and diesel be reduced?
New Delhi. Due to the continuous increase in the crude oil reserves in the US, the price of crude oil has been curbed due to the continuous increase in the past four weeks. The international market recorded a fall in crude oil prices for the fifth consecutive session on Thursday. According to the figures, during this period, the price of crude oil has fallen by about 6 percent. Let us tell you that the price of crude oil crossed $ 71 per barrel last week. According to experts, the price of crude oil may fall slightly in the coming days. Now the question is that if there is a relief in the price of crude oil, will the people in India get relief in the price of petrol and diesel.
Crude oil price fall
Brent crude’s May delivery contract on the international futures market Intercontinental Exchange (ICE) was trading at $ 67.12 a barrel, down 1.29 percent from the previous session on Thursday. At the same time, WTI’s April contract on the New York Mercantile Exchange (Nymax) was trading at $ 63.77 a barrel, down 1.28 percent from the previous session. According to the US agency Energy Information Administration (EIA), there has been an increase of 2.4 million barrels of oil reserves in the US in the past week. According to experts, the price of crude oil has fallen by 6% this week. Crude oil prices had crossed $ 71 per barrel last week.
Will the prices of petrol and diesel come down?
Experts tell that it is difficult to say how much of this fall in oil prices will bring relief to the inflation of petrol and diesel in India, but if there is a further fall in the price of crude oil in the international market, then the coming prices of petrol and diesel The possibility of increase in days will be less, so that consumers will definitely get relief from the pressure on their pockets. At present, the price of petrol and diesel has a fixed brake. Assembly elections will be held in 5 states of the country in the opening week of April. Because of which the price is not being increased.
Current prices of petrol and diesel in the country
According to the website of Indian Oil, domestic oil marketing companies have not made any change in the price of petrol and diesel for the 19th consecutive day. Due to this, petrol prices in Delhi, Kolkata, Mumbai and Chennai have remained stable at Rs 91.17, Rs 91.35, Rs 97.57 and Rs 93.11 per liter respectively. Diesel prices are also stable at Rs 81.47, Rs 84.35, Rs 88.60 and Rs 86.45 per liter, with stability in Delhi, Kolkata, Mumbai and Chennai respectively.