Petrol will be cheaper!
OPEC, an organization of crude oil producers, has announced to increase the production of crude oil. After which it is expected that soon there may be a big fall in crude oil prices. Experts believe that in the month of July end or in the month of August, the prices of oil brant crude oil of the Gulf countries may fall by $ 10 per barrel from the current level to 15 per cent. Now the biggest question is whether the prices of petrol and diesel will be seen in India?
This question has become bigger because in the last few years, the prices of petrol and diesel were seen only once i.e. before the Lok Sabha elections, the prices of fuel were seen by Rs 2 per liter. There was no change since then. Surprisingly, during this time, crude oil prices have seen a decline of more than $ 20 per barrel.
According to experts, if crude oil prices fall below $ 60 per barrel i.e. $ 57 or 58 per barrel, then the prices of petrol and diesel can be seen by Rs 5. Let us also tell you how much crude oil prices are currently? How far can the prices of crude oil reach in the coming days? Also, what has been predicted by experts about petrol and diesel prices? Let us also tell you…
Crude oil will be cheaper about $ 10
After OPEC’s decision to increase production, there may be a good decline in crude oil prices. Experts believe that crude oil prices can see a fall of $ 10 per barrel from the current level. Currently, crude oil brent crude oil prices of Gulf countries are running at $ 68 a barrel. Which can come at $ 58 per barrel in August. According to the expert of the commodity market, there is an increased supply in the prices of crude oil. Where America has intensified the supply. On the other hand, the increased supply from OPEC Plus members is going on. The Homurj crisis has also been postponed after the ceasefire between Iran and Israel. Also, there is no possibility of any hindrance in supply. In such a situation, the possibilities of cutting crude oil prices have increased further.
How many crude oil prices are
If we talk about the prices of crude oil at present, then crude oil of the Gulf countries is trading at $ 68.61 per barrel with a slight rise of 0.45 per cent. The special thing is that morning prices were seen at $ 67 per barrel. The special thing is that since June 19, crude oil prices have seen a decline of about 12 percent. On the other hand, the price of American crude oil is doing flat business. Currently, American oil WTI is trading at $ 67 per barrel. Whereas during the trading session, American crude oil was trading at $ 65.55 per barrel. However, since June 19, there has been a decline of about 11 percent.
How cheap can petrol diesel be?
According to commodity expert Anuj Gupta, after OPEC’s decision, crude oil prices can reach below $ 60 per barrel. In the month of August, the price of Brent crude oil can fall below $ 10 per barrel from the current level. Due to which the price of petrol and diesel can be seen by Rs 5 per liter. If this happens, the prices of petrol in Delhi can come below Rs 90 per liter. Since March 2024, there has been no change in the prices of petrol and diesel in the four metros of the country. At that time, the price of petrol and diesel was seen by Rs 2 per liter.