Reduction in crude oil prices in international markets, relief in petrol-diesel prices

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New delhi date. September 29, 2019, Sunday

In the international market, crude oil prices have seen a soft trend again. This softening could bring relief to petrol and diesel prices in the coming days. Compared to the previous week, this week dropped about 4%. After that, the Indian Oil Marketing Company maintained the stability of petrol-diesel prices.

Brent crude prices have dropped more than eight dollars a barrel since the oil price boom following the attack on Saudi Aramco. After the drone attack on Saudi Arabian government oil company Saudi Aramco's oil plant on September 14 this month, crude oil prices in the international market suddenly jumped by about 20% to $ 71.95 a barrel on September 16. This was the biggest one-day boom in 28 years.

Angel Broking's deputy vice president said crude oil prices have fallen following reports of talks in the United States over the talks to remove new US sanctions imposed on Aman and Iran, and it is likely that oil prices will drop further next week. It will provide relief in the days ahead for petrol and diesel prices in India.

After the attack on Aramco, petrol has increased by Rs 2.37 in Delhi, Rs 2.33 in Kolkata, Rs 2.35 in Mumbai and Rs 2.50 a liter in Chennai. Diesel has been priced at Rs 1.87 in Delhi, Rs 1.88 in Kolkata, Rs 1.99 in Mumbai and Rs 2 in Chennai.

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