Will petrol prices increase in India?
India buys more than 80% of its crude oil needs from outside. When Brent crude reaches the range of $95-98 in the global market, the pressure on Indian oil companies increases. Currently, petrol in Delhi stands at ₹ 94.77, but if US-Iran tension does not subside, prices may increase in India too in the coming days. Market experts say that the time till Tuesday is very important. If peace talks fail, oil may cross $100.