Crude Oil Price Today: Crude oil slipped below $ 80 per barrel, and now petrol-diesel will be cheaper!


Posted on 7th Dec 2022 06:23 pm by rohit kumar

Crude Oil Price: There is news of great relief for India. Crude Oil Price has rolled to the lowest levels of 2022. In the wake of the Global Economic Crisis, the price of Brent crude oil has dropped below $80 per barrel due to deteriorating sentiment. The price of Brent Crude Oil is trading at $78.65 per barrel. So the WTI Crude price has dropped to $73.49 per barrel.

 

Crude oil slips below $80

This is the second time in 2022 that Brent crude oil has slipped below $80 per barrel. There has been a big decline in crude oil due to the possibility of increasing the interest rate of the Federal Reserve and the possibility of a recession. The strict monetary policy of the central banks around the world is also affected. In India, RBI has increased the repo rate for the fifth time due to high inflation. On the other hand, service-sector activity in China has fallen to a 6-month low. So there is a possibility of a major decline in the economic growth rate in European countries due to high energy prices and high debt. Due to all these reasons crude oil is under pressure. In the current year, due to the Russia-Ukraine War, crude oil had reached the level of $139 per barrel. This means the prices have come down from their high to $61 per barrel.

 

This will help in reducing the financial loss

A fall in crude oil is an auspicious sign for India. Because India imports 80 percent of its crude oil consumption. Where the fall in the prices of crude oil will help in reducing inflation. At the same time, the central government will get help in reducing its financial deficit. This will also prevent the decline in foreign exchange funds.

 

There may be a reduction in the prices of petrol and diesel

Consumers can get a major benefit from the fall in the prices of crude oil. Government oil companies can reduce the prices of petrol and diesel in the coming days. If the price of diesel decreases, the freight will be cheaper, due to which the effect can be seen in the prices of many items.

 

Also Read: Petrol Diesel Price Today: Oil companies released the prices of petrol and diesel, know the prices of your city

1 Like 0 Dislike
Previous news Next news
Other news

Second Booster Dose: Do people still need a second booster dose? Now the government itself has given information

Because of the rapid spread of Corona in many countries of the world including China, the Governm

Amit Shah will visit Tripura today: Will flag off BJP's Jan Vishwas Rath Yatra, elections in the state this year

Union Home Minister will be on the Tripura tour today. There he will flag off BJP's Rath Yatra at

Farmers Protest: Increased strictness on these borders going from Delhi to UP and Haryana, may have to face long jams; Know traffic advisory

UP and Haryana police are on alert regarding farmers' march to Delhi. Security arrangements are s

Gadar 2 Box Office Weekend Collection: 'Gadar 2' ran at the speed of a bullet train, crossed 100 crores in three days

Gadar 2 Box Office Weekend Collection: Bollywood superstar Sunny Deol's Gaddi is not running at t

Twitter Update: the Twitter icon will change color like this, these users will get theme icon support

Twitter is in a lot of discussions in recent times. Ever since Elon Musk became the owner of Twit

China is again insolent on LAC: China's action in northern Ladakh built 200 shelters in Depsang

The Chinese army is again in action to make its incursions permanent on the Line of Actual Contro

In preparations for action against terrorists, PM Modi reached Delhi; and held a meeting with officials at the airport itself.

After the painful terrorist attack in Pahalgam, Jammu and Kashmir, Prime Minister Narendra Modi c

Seattle Caste Discrimination: Seattle becomes the first American city to end caste discrimination, the proposal passed

The American city of Seattle became the first city in the country to abolish caste discrimination

Covid-19 In Pakistan: Pakistan's preparations to fight Corona are incomplete, not serious about the virus: report

The cases of the global pandemic corona virus are increasing rapidly once again in Pakistan. It s

India's embarrassing defeat in Indore Test: Australia achieved the target of 76 runs in 76 minutes, won by 9 wickets

Australia defeated India by 9 wickets in the Indore Test on Thursday. India had given a target of

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash