US cyclone and dollar changed the game of oil, know what will be the effect on India?

Crude oil prices are rising due to the cyclone in Florida, America and the fall in the dollar index. After the closure of the international market on Tuesday, the price of crude oil has seen an increase of more than one dollar per barrel.

A fresh example of how the game of oil changes in the international market is clearly visible at present. The price of crude oil, which was being speculated to go below $80 in the coming days, crossed $85 today. After about two weeks, crude oil closed above $85. Two reasons are being given behind this. The first is the cyclone in Florida, America and the second is the fall in the dollar index. Due to which there has been a decline of more than one dollar in the prices of crude oil. If experts are to be believed, it is likely to intensify further in the coming days. In the coming days, it may be seen breaking the level of $88.

Now the question is what will be its impact on India. If experts are to be believed, the government has already said in hushed tones that there is no problem if crude oil remains below $90. If it goes beyond this then something can be thought. It is clear that if the price of crude oil goes beyond 90 dollars, then there may be a rise in the prices of petrol and diesel, the possibility of which seems to be less. Let us also tell you what the prices of crude oil have become at present and what the prices of petrol and diesel have become in India.

How much has the price of crude oil increased

According to Reuters report, oil prices rose by a dollar a barrel on Tuesday due to the decline in US crude stocks, the US decline in energy supplies due to Hurricane Idalia hitting Florida this week and expectations of relief in interest rates in the coming days. There was an increase of more than According to the report, Brent crude futures closed at $ 85.49 per barrel, up $ 1.07 or 1.3 percent, while US West Texas Intermediate futures closed at $ 81.86 per barrel, up $ 1.06 or 1.3 percent. If experts are to be believed, further increase in crude oil prices may be seen in the coming days.

Petrol and diesel price in india

On the other hand, no change has been seen in the price of petrol and diesel in India. The last change in the price of petrol and diesel in the metros of the country was seen on May 21. At that time, the country's Finance Minister Nirmala Sitharaman had reduced the tax on the price of petrol and diesel. After that some states tried to influence the prices by reducing or increasing VAT. The interesting thing is that ever since the daily change in the price of petrol and diesel started in the country according to the international market, this is the first time since then that petroleum companies have not made any changes during the record timeline.

Petrol and diesel price in major cities of the country

New Delhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per liter

Kolkata: Petrol rate: Rs 106.03 per litre, Diesel rate: Rs 92.76 per liter

Mumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per liter

Chennai: Petrol rate: Rs 102.63 per litre, Diesel rate: Rs 94.24 per liter

Bengaluru: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per liter

Chandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per liter

Gurugram: Petrol rate: Rs 97.18 per litre, Diesel rate: Rs 90.05 per liter

Lucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per liter

Noida: Petrol rate: Rs 96.79 per litre, Diesel rate: Rs 89.96 per liter