Petrol-Diesel: Market experts are predicting that petrol-diesel will become cheaper.
Image Credit Source: Social Media
New Delhi : of crude oil in the international market (crude oil) Even though it has been at a lower level every six months, there is no respite for the common man. There is so much satisfaction that fuel prices have not increased since May. But if experts are to be believed, there may be a reduction in fuel prices in the country from December 5. Experts have expressed the possibility that the companies will implement the decision in this regard in the morning. So in the price of petrol and diesel (Petrol-Diesel Price) might fall.
According to a report by Zee Business, there may be a huge drop in the prices of petrol and diesel. This new rate can be seen on 5 December. For the past several months, motorists have been waiting for a reduction in fuel prices. But there is a possibility of getting this good news tomorrow.
Experts claim that on December 5, the price of petrol and diesel will be cut by Rs 5. Such claims have been made earlier also. But if experts are to be believed then this gift can be received from the central government in the second phase of Gujarat elections.
Crude oil prices in the country are currently trading at $90 per barrel. Currently these prices are around $82. Crude oil prices have declined by 7% in the month of November. That’s why the demand to reduce the prices of petrol and diesel is gaining momentum among the people.
Taking the opinion of experts, Zee Business has told that according to this, the fall in the prices of crude oil at the international level will be beneficial. The price of petrol and diesel will fall by Re. This will give a lot of relief to the drivers.
There has been a steady decline in the prices of crude oil for the last few months. Although there has been no change in the price of petrol and diesel. Oil companies were claiming damages. But it is being claimed that their loss has been compensated.
Crude oil prices have seen a decline of 27% since March 2022. Crude oil prices are consistently below $90 a barrel. So the price is expected to fall.
For more Business updates, Click here.