Will petrol, and diesel price decrease..!?

In the current year, the price of crude oil reached a peak that no one expected, and then saw a decline. The price of crude oil, which reached 129 dollars last March, has now fallen to 76 dollars. Will this price decline further? Or will it peak again? Will the price of fuel go down? There is great anticipation of what will happen next.
Crude oil prices have fallen sharply amid fears of a slowdown in global political tensions. How much impact will this have on india largely because the international economy continues to deteriorate, there is a fear that this may continue to impact the market. Recession fears continue to exist in various countries. Meanwhile, the monetary meeting may increase the interest rate. This may lead to reduced consumption among people.As the impact of Corona is prevailing in China, strict restrictions have been imposed there. Although the restrictions are said to have been eased, the impact of the coronavirus has not been reduced to a large extent. Due to this, the demand is expected to improve. Amidst the tension in russia, will the supply improve? It is also a big question. The G7 and some other countries have imposed a price ceiling on crude oil over Russia. It has been announced that if russia sells in violation of it, benefits including insurance will be banned. This is expected to have an impact on Russia's exports. Will the price of petrol and diesel decrease among the above factors? The expectation has also arisen. However, even when the price peaked in india, the price did not rise. The government stopped the price hike. It is expected that when the price drops like that now, it can be left without paying.

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petrol diesel price decrease

Sowmiya Sriram

13/12/2022 04:18 PM