New Delhi, 16 August: There is relief news for the people who are suffering from inflation. The price of crude oil continues to fall in the international market. In early trade on Tuesday, global benchmark Brent crude fell to $ 88.93 per barrel in early trade. West Texas Intermediate Crude (WTI) is trading at $94.31 per barrel. In such a situation, there is a possibility of a reduction in the price of petrol and diesel.
In fact, due to the slowdown in economic activity in China, the fall in the price of crude oil continues. However, the public-sector oil marketing companies have not increased the prices of petrol and diesel since April 6, despite losses. At present, the price of petrol in Delhi is Rs 96.72 per litre and that of diesel is Rs 89.62 per litre. Margins of oil companies are expected to improve due to the fall in the price of crude oil in the international market. In such a situation, experts believe that the price of petrol and diesel may be cut in the coming days.
It is noteworthy that the price of crude oil in the international market has come down to $95 per barrel. Due to the Russia-Ukraine war, its price at one time reached $ 139 a barrel. Due to this increase, the central government cut the excise duty on petrol and diesel on May 21. Early this morning, Brent crude fell to $ 88.93 a barrel early this morning, while West Texas Intermediate crude (WTI) was trading at $ 94.31 a barrel. In such a situation, the possibility of a fall in the prices of expensive petrol and diesel in the country has increased for a long time. This can give relief to the common people suffering from inflation.
