First increase in CNG prices, then the prices of domestic gas cylinders increase. These two reports have disturbed the common people. Let us now give you the news of relief. The central government has made a big prediction about the prices of petrol and diesel. Soon the prices of petrol and diesel can be seen.
Giving information, Petroleum Minister Hardeep Singh Puri said that crude oil prices have come down in the international market. In such a situation, petrol and diesel can cut prices in the coming days. Earlier, he has announced to increase excise duty on petrol and diesel by 2 rupees per liter. By the way, he has also clarified that it will not affect the pockets of common people. Let us also tell you what kind of predictions have been made about the price of Akhir petrol and diesel.
Petroleum minister predicts
Giving information, the country’s petroleum minister Hardeep Singh Puri said that there has been a big fall in the prices of crude oil in the international market. According to the data, the price of crude oil has come at about $ 60 per barrel. Giving information, he said that our oil marketing companies keep stock for a period of 45 days. If you go back in January, then the price of crude oil at that time was $ 83, which later reduced to $ 75, so they have an average of $ 75 per barrel crude oil stock. He said that the oil marketing companies will reduce petrol and diesel prices according to global prices.
How cheap crude oil became
In the month of April, there has been a major decline in the prices of Gulf and American crude oil. First talk on April 7, the crude oil of the Gulf countries is trading at $ 64.15 per barrel with a decline of 2.12 per cent. Whereas on 31 March, crude oil prices were at $ 74.74 per barrel. This means that during this time, crude oil prices have seen more than $ 10 per barrel i.e. more than 14 percent.
On the other hand, there has been a big fall in the price of American crude oil. If we look at the data, the price of American crude oil is seeing a decline of 2.19 percent on April 7. After which the price has come to $ 60.63 per barrel. While on March 31, the price of US crude oil was at $ 71.48 per barrel. Since then, the price of American crude oil has been seen by more than $ 9 per barrel i.e. more than 15 percent.
What do you say?
Giving information, Ajay Kedia, director of Kedia Advisory, said that in the current year, crude oil prices have seen a decline of more than $ 20. If you do the current month, then 14 percent decline has been seen in Brent. The level of inflation in India is also not much. The level of inflation is expected to be around 4 per cent in March and RBI can also cut a rate of 0.25 per cent. In such a situation, it can be estimated that in the coming days, the prices of petrol diesel can be seen by 3 to 5 rupees.