Oil became cheaper… diesel prices still increased in India! What is the whole matter after all?, VIDEO

Crude Oil PriceOn the one hand, there was a peace agreement between America and Iran amid the Hormuz crisis. Meanwhile, news regarding crude oil had come out that Barent crude had become cheaper and there were speculations that oil prices would come down in India, but on the other hand, news of a sudden increase in prices came out on Tuesday morning. Diesel became costlier by Rs 14 and ATF by Rs 12.50 per liter and these new prices have now come into effect from today, after which the discussion started. In such a situation, questions are being raised that on one hand crude oil became cheaper and on the other hand how did oil become more expensive?

Let us tell you the reason behind this. The Central Government on Monday made a major change in the export rules of fuel and announced new rates. According to the notification of the Revenue Department, export duty of Rs 14 per liter will now be imposed on the export of diesel. Along with this, export duty of Rs 12.5 per liter was also imposed on the export of Aviation Turbine Fuel or ATF. Now, at present no change has been made by the government in the export duty of petrol. And about whom no information has been revealed yet.