Will the prices of petrol and diesel in India rise with tension between Israel and Iran?
With the ongoing tension between Israel and Iran, economic thunderbolt on the common man in India! Uncertainty between these two countries has a significant impact on global fuel markets, especially crude oil prices. Since the Middle East is one of the largest crude oil oils in the world, it will directly affect oil prices in the area. Amidst concerns that the supply from the West Asian region will be interrupted, friction has already begun to affect global fuel markets. Oil prices are skyrocketing. As a result, petrol and diesel prices in India are unlikely to rise!
Israeli Iran Tension- Petrol and Diesel prices rise!
Brent crude, which was below $ 70 a week ago, has recently reached $ 75.42 due to current stress. It also touched $ 78 in a phase. This is the maximum value of a five -maideni for Brent crude! The increase in crude oil prices will also increase the cost of fuel and transport fees. Petrol and diesel prices in India are directly related to global crude oil prices. If global crude oil prices rise, oil marketing companies in India are expected to increase petrol diesel prices. Eventually it affects the fuel bills of the motor drivers.
Expectations of increase in oil and gas prices have started in short term. However, experts believe that this pricing does not maintain stress until Israel disrupts oil exports in Iran struggle in India.
Petrol and diesel prices in Hyderabad
Currently, India has high petrol and diesel prices. The price of petrol in various cities of the country is almost Rs. The price of diesel is also close to the mark. Under these circumstances, the prices of this petrol and diesel will increase motorists, as well as the entire economy.
By June 15, the capital of the country, Delhi is priced at Rs. 94.77 and one liter of diesel. 87.67. Petrol and diesel prices in Mumbai Rs. 103.50, Rs. 90.03. Petrol and diesel prices in Chennai Rs. 100.80, Rs. 92.39. Petrol price in Hyderabad is Rs. 107.46 and one liter of diesel priced Rs. 95.70 continues.
