Petrol Rate Today: Petrol can be cheaper, good news came from across the seven seas

Petrol Diesel Price Today: In the Indian futures market, which closed late on Wednesday night, there was a drop of about 1.5 percent in the price of crude oil. According to experts, such a fall in the price of crude oil can lead to a fall in the price of petrol and diesel in the country.

When will the petrol diesel prices be cut?

Petrol And Diesel Price: Due to the continuous fall in the price of crude oil, the price of petrol and diesel in the country (Petrol And Diesel Price) The chances of getting cut are increasing. In fact crude oil prices on Wednesday (Crude Oil Price) There has been a decline of more than 4 percent. Energy Information Administration (EIA) U.S. gasoline inventories rose by 3.1 million barrels, well above analysts’ estimates of a 383,000-barrel build.

The effect of which has been seen in the price of Brent crude and WTI crude oil. On the other hand, in the Indian futures market, which closed late on Wednesday, there was a drop of about 5 percent in the price of crude oil. According to experts, such a fall in the price of crude oil can lead to a fall in the price of petrol and diesel in the country.

Crude oil became cheaper in the international market

The price of crude oil has come down significantly in the international market. According to Indian time, at 4.30 am, there was a decline of more than 4 percent in the price of Brent crude oil, due to which the price came down to $ 84.65 per barrel. On the other hand, there has also been a decline in the price of WTI. There has been a decline of more than one percent, due to which the price is trading at $77 per barrel. The price of Brent crude oil has decreased by $ 55 from the high of March.

Crude oil also broke in the Indian futures market

On the other hand, on the Indian futures market Multi Commodity Exchange, there has been a drop of 5.5 percent in the price of crude oil. Crude oil had become cheaper by Rs 320 per barrel and closed at Rs 6400 till the market closed late on Wednesday night, which also reached the day’s low with Rs 6340 per barrel during the trading session. According to experts, in the coming days, further decline in the price of crude oil can be seen in the Indian futures market.

There has been no change in the price of petrol and diesel since May 21.

On the one hand, in the international market, the price of crude oil has seen a decline of about 40 percent from the high of March 2022. At the same time, there has been no change in the price of petrol and diesel in the country for the last 6 months. The last change in the price of fuel was seen on 21 May. At that time, the central government had tried to give relief to the common people by cutting taxes. Since then no change has been seen from the oil marketing companies.

Will the prices of petrol and diesel be reduced?

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According to IIFL Vice President Commodity and Research Anuj Gupta, there may be a further decline in the price of crude oil in the near future. The price of Brent crude oil can reach $ 82 per arel. In such a situation, a fall in the price of petrol and diesel can be seen from the oil marketing companies in the coming days. He told that the price of petrol and diesel may fall by Rs 5 per litre.