The price of fuel, petrol and diesel, has marked their next milestone by not fluctuating the rates for four consecutive days, the longest time period without a price increase since 2 months.

The Organization of the Petroleum Exporting Countries (OPEC), on July 18, reached an arbitration to boost its crude generation by 400,000 barrels per day on a recurrent basis till the reduced output is fully restored.

The fluctuation in petrol prices since May is one of the longest on record, and if prolonged, the trajectory threatens to take the rates of fuel to Himalayan High within weeks.

Only when fewer cars are on the roads, as most of the states have completely not eased down the restrictions, the economic inflation has made the fuel rates rocket high. Smaller retailers have been hard hit, which had lead to a sharp increase in electric scooter sales.
Surprisingly, Fuel - petrol and diesel prices varied only double times between march 27-May 3 periods, during elections in Assam, Kerala, tamil Nadu and West bengal were being handled.

Economists foresee the price of fuel to rise further after lockdown Will the OPEC deal cause a fall in petrol and diesel prices in India?

మరింత సమాచారం తెలుసుకోండి:

OPEC

Sindujaa D N

21/07/2021 08:44 AM