Petrol price in India is likely to reach Rs 150 per liter

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- Crude oil prices expected to reach ૦ 110 by next year: Goldman

Mumbai: Goldman Sachs, a global financial company, expects Brent crude to rise to ૧ 110 a barrel by next year. That's 20 percent more than the current સપાટી 5 level.

According to analysts at Goldman Sachs, the gap between global crude oil demand-supply and current demand, which has risen to previous levels, will see higher crude oil prices in the coming year.

If the global price of crude oil reaches 110 per barrel, the price of petrol in India could be around Rs 150 per liter while diesel could reach Rs 150 per liter.

Global demand for crude oil, which currently exceeds 2.50 million barrels per day and Asia is recovering from the effects of the corona, could rise to over 100 million barrels, Goldman said in a report.

Turning from gas to oil could increase the demand for oil by at least 1 million barrels per day. It may be mentioned here that due to high crude oil prices, petrol and diesel prices are currently hovering above Rs 100 per liter in most cities of the country. Concerns are being raised that higher crude oil prices will increase the country's current account deficit.

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