New Delhi: The ongoing war between Russia and Ukraine has caused a stir and fear around the world. The impact of this war, which is taking place on the 12th day today, was felt worldwide from day one. Investors in the stock market to the billion market are in awe. The rupee has depreciated against the dollar to an all-time low on record global crude oil prices. Along with this, the price of crude oil is also rising.
Petrol-diesel prices may go up from tonight:
Sudhir Bisht, a former managing professor at Indian Oil, said Russia exports 12% of the world’s crude oil and India is the world’s third-largest importer of petrol. So the rise in oil prices in India is almost certain. It is feared that there will be a big change in petrol and diesel prices from tonight.
Federal government likely to reduce excise duty:
On the other hand, it seems that the central government may reduce the excise duty on petrol and diesel by three to four rupees to control rising inflation.
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Petrol price may go up by Rs 10-16 per liter:
Russia’s dependence on oil and especially gas is likely to worsen the situation in Europe. If petrol and diesel prices go up, petrol prices in India may go up by Rs 10 to Rs 16 per liter. At the same time diesel can be increased by Rs 8 to 12 per liter.
Crude oil prices may rise further:
The price of Brent crude oil in the international market has reached $ 139 per barrel. This is an increase of almost 14 years for crude oil. Crude oil prices have risen sharply on the back of declining global supplies and fears of further shortages. Due to this, the price of crude oil will rise further in the next 1 month.
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Petrol and diesel prices unchanged for last 120 days:
There has been no increase in petrol and diesel prices in the country for the last 120 days. During this time the price of crude oil rose sharply to a two-month high. The rupee depreciated to 76.92 against the US dollar in early trade on Monday. This was followed by a one-time low of 76.96.
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