Petrol-diesel has been selling at record prices for two years which could still be more and more expensive. Experts say that if the central or state governments do not reduce taxes on petrol and diesel, the price of petrol will go up to Rs 100 in the next two months.
This is due to the rising international price of crude per liter. The average price of crude oil was 35 35.79 a barrel in October, rising to 45 45.34 in November. Crude oil prices have risen 26.68% in one month.
U.S. President Donald Trump encouraged boosting shale crude production. As a result, the United States became an exporter rather than an importer of crude oil. However, Biden, who is now running for president, has made it clear that he will not give incentives.
So that America will become an importer. At the same time, the development of vaccines will increase economic activity around the world, thus increasing the demand and price of crude oil.
In two months, the price of crude oil will reach dollar 56 per barrel, and now the demand for crude oil in the world will continue to rise.
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