Crude prices will increase, petrol and diesel will be more expensive

BusinessCrude prices will increase, petrol and diesel will be more expensive

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Crude prices will increase, petrol and diesel will be more expensive

New Delhi: In the international market, there is a strong rise in the prices of crude oil again. On Thursday, crude oil was the biggest gainer in 2 years. Brent crude rose nearly 4.8 per cent to cross the $ 67 per barrel level. Today it strengthened to $ 67.50. At the same time, WTI crude also rose 4.2 percent to $ 63.83 per barrel.

In fact, in the meeting of OPEC + (OPEC +) countries on Thursday, it has not been approved to increase crude oil production. After this news, there has been a sharp rise in the prices of crude oil. Experts say that crude may increase further, due to which the wait for petrol and diesel to be cheaper can increase further. At present, there is no change in petrol and diesel on Friday 5 March. Petrol remained stable at Rs 91.17 and diesel at Rs 81.47 per liter in Delhi.

OPEC and its partner countries, which produce and export crude oil, have decided to keep their current level of cuts in oil production close to their current level. According to the news agency, his decision has come at a time when the concern of the economic activity remains weak due to the infection of the new strain of the corona virus. According to the report, the current consensus on cutting oil production was maintained at an online meeting of OPEC’s partner oil producing nations led by Saudi Arabia, led by OPEC countries and Russia.

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