There has been no change in the prices of petrol and diesel in the country for more than a year. But now petrol is expected to become cheaper soon. Petroleum Minister Hardeep Singh Puri has indicated a reduction in the price of petrol and diesel on Saturday. He said that if the price of crude oil remains stable, then the oil marketing companies may decide to cut the price of petrol and diesel. Puri said that if the performance of oil companies is good in the next quarter, then the situation will be better to cut the prices of petrol and diesel.
Let us tell you that there has been a decline in the price of Brent crude oil in the international market. According to the latest update, Brent crude is at $74.79 per barrel. While WTI crude is $ 70 per barrel. On the other hand, if we talk about the Indian market, the prices of petrol and diesel are stable at the national level.
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