There is a steady decline in crude oil prices amid global uncertainty. In such a situation, the hope is increasing that the government can cut the prices of petrol and diesel in the country too. The reason for this is that recently OPEC, a group of oil producing countries, has decided to further increase the supply of oil. This move of OPEC has fallen crude oil prices in the international market.

The price of American raw laps has fallen by $ 2.49, or 4.27 percent and has come to $ 55.80 per barrel. While the price of Brent Croat Oil has fallen by $ 2.39, or 3.9 percent and it has come to $ 58.90 per barrel. This year, crude oil prices have seen a decline of about 20 per cent so far. & Nbsp;

Significantly, Saudi Arabia, who led eight producing countries of crude oil, agreed on Saturday that they would increase the production of crude oil to 4,11,000 barrels per day in June. His decision has come at a time when OPEC+ countries have surprised the market by the decision to increase their crude oil production in May.

increased diesel demand

The demand for diesel in the country has increased by about four percent in April. Diesel consumption has increased with the onset of summer in April after several months of negative or low increase. Diesel is the most consumed fuel in the country. This is the transport sector and rural agricultural economy of the country & lsquo; lifeline & rsquo; Is. In the financial year ended on March 31, 2024, there was no increase in the demand for diesel and there was no increase in diesel consumption in the last financial year.

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