Petrol and diesel prices may be halved
petrol-There is good news for India regarding diesel prices. American giants JP Margen Has made such a prediction. after which petrol-Diesel prices will be halved. Let us know what is the whole matter.
America’s leading agency JP Margen Has predicted regarding crude oil that by the year 2027 brent crude Prices can go up to $30. The reason for this is said to be that the supply of oil demand is much more than. This news can have an impact on India because India is not aware of its needs., Imports more oil than. The government has to pay a huge amount for this. In such a situation, if the prices of crude oil will be halved then it will have a direct impact. petrol-Can be seen on diesel prices.
This is the big reason
American giants JP morgan According to this, oil consumption will increase in the next three years, but oil production will increase even faster. especially OPEC+ Apart from these countries, other countries will also increase the production of crude oil. Due to increase in production, there will be excess of oil in the market and prices will come down. JP Margen According to , worldwide oil demand will reach 0.9 million in 2025. barrel will increase per day resulting in total consumption of 105.5 million barrel Will reach.
How far will the prices reach?
JP Margen According to estimates, by 2027, average prices could fall to $42 and by the end of the year it could fall below $30. currently at present brent crude Price $60 per barrel It is running slightly above. If seen in such a situation, the prices of crude oil will be halved. If this happens, the government’s expenditure will reduce and oil companies will also gain profit. It is expected that oil companies will take this benefit to the common man. Due to which it is believed that petrol-Diesel prices may be half of the current label.
Why was this estimate made?
JP Margen has made this estimate on the basis that half of the total supply increase by the year 2027 will come from these countries. The reason for this is the new method of extracting oil in the deep sea. techniques and around the world shell There is continuously increasing production of oil. Extracting oil from the deep sea has now become a reliable and cheap method. Most of the oil extraction vessels have already been scheduled for 2029.