The price of crude oil is the highest since October 2014. There has been no change in the price of petrol and diesel for the last three months. This situation is expected to remain the same till March due to the elections.
In the international market, the price of crude oil has crossed $ 90.
The price of crude oil in the international market is at the highest level of 7 years (Crude Oil price in international market) is on. The price of crude oil has crossed $90. Despite this, for the last 86 days in the domestic market, petrol-diesel (Petrol Diesel Price) has not changed in any way. The price of crude oil is the highest since October 2014. Its rate was $ 88.48 per barrel at 9.13 am. Industry people say that assembly elections are going to be held in five states now. In such a situation, till the election is not over, there is no possibility of change in the price of petrol and diesel. The election cycle will continue till March. This means that for the next two months, more oil marketing companies will have to suffer.
There are two main reasons for the increase in the price of crude oil in the international market. There is Russia on one side regarding Ukraine and western countries on the other. Russia has deployed a large number of its troops on the border of Ukraine. America is opposing it. He says that if Russia shows any kind of action, then sanctions will be imposed against it. Apart from this, production is not being increased from the Middle East countries. For information, let us tell you that Russia plays a big role in the energy market. Russia is the largest natural gas supplier to European countries. He also has good relations with Saudi Arabia. Saudi Arabia is the leader of the oil producing nation. In such a situation, if Russia wants, it can increase the energy crisis in the whole world.
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