Crude oil prices continue to fluctuate, has the rate of petrol and diesel changed?

petrol-diesel

There has been continuous fluctuation in the prices of crude oil in the international market for the last few days, but at present it has not affected the prices of petrol and diesel in India. There has been no major change in the prices of petrol and diesel across the country on July 12.

This fluctuation in oil prices is being seen due to the increasing tension between Iran and America and the situation regarding the Strait of Hormuz. This sea route is considered one of the most important oil transportation routes in the world. About 20% of the world’s crude oil is supplied through this route.

condition of crude oil

Here, on Friday, some decline was recorded in the price of Brent crude in the international market. Its price decreased by 0.41% to $ 75.99 per barrel. One reason for this was that the news of resumption of talks between America and Iran came out, which brought some relief to the market. But the situation is still not completely normal.

Petrol and diesel prices in major cities on July 12

(Prices may vary from city to city depending on local taxes.)

Mahendra Bhargava

Mahendra Bhargava is an experienced business and automobile journalist, actively working in the digital media industry since 2018. Mahendra is currently associated with TV9 Bharatvarsh, where he is working on the latest updates, reviews, exclusive stories and in-depth analysis related to business and automobile. With 5+ years of experience in the automobile and business segments, Mahendra has worked in many reputed media organizations. Mahendra started as a reporter with Navdunia (Dainik Jagran Group) newspaper. He further worked in various roles in digital content creation in ETV Bharat, Dainik Bhaskar, News18 and Zee News.

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