Petrol Diesel Price Today: Are petrol and diesel prices on fire again? Rising crude oil prices increased tension; See latest update

Petrol Diesel Price Today 4 Oct: Many countries including America, Iraq and Saudi Arabia are trying to normalize the fuel supply in the world. Despite this, there has been a sudden rise in the prices of crude oil. G7 countries released crude oil from their oil reserves in the market, but its effect was not as expected. After the increase in the price of crude oil, Naira Company has increased the price of petrol by Rs 5 per liter and diesel by Rs 3 per liter in the country. In such a situation, now the question is arising whether the government oil companies will also increase the prices of petrol and diesel like Naira? If this happens, another burden of inflation may fall on the common people.

Big jump in the price of crude oil

Despite sufficient supply of oil in the world market, there is pressure on crude oil prices. The effect of increasing tension between America and Iran and the news coming out about Russia-Ukraine war is also visible on oil prices. The price of Brent crude, the main standard indicating the price of crude oil in the world, has directly increased from $ 97.90 per barrel to $ 102.25 per barrel. At the same time, the price of America’s WTI crude oil has fallen slightly from $92 to $91.11 per barrel.

The average price of Indian Crude Basket, which is important for India, has also reached around $ 116.04 per barrel. At the same time, the price of OPEC crude oil has increased to more than $ 111 per barrel. This rise in crude oil prices may have a direct impact on the prices of petrol and diesel in the coming days. Now the focus is on whether government oil companies adopt a strategy to increase the value of Naira or not.

Know today’s petrol diesel prices

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