new Delhi. Now after so much inflation in the country, there is news of great relief for India. Yes, there has been a fall in the prices of crude oil. At the same time, due to efforts to end the ongoing war between Russia and Ukraine, now Brett crude has gone down to $ 105 / barrel. This news is a matter of relief for India, which consumes 80% of its crude oil. is dependent on imports only. Due to which now Russia has offered to give cheap oil to India.
That’s why the price of crude oil fell
In fact, due to talks between Russia and Ukraine and hopes of a ceasefire, crude oil prices have fallen. However, there is no substitute for Russian oil. At the same time, even if the war between Russia and Ukraine continues, Europe cannot stop buying crude oil from Russia. In such a situation, even if the war continues, the supply from Russia will not be interrupted, so there has been a huge softening in the prices of crude oil. It should also be known that Europe is dependent on Russia for 40 percent of its crude oil and gas.
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Russia’s offer to India
In such a situation, now Russia has also offered to sell crude oil to India at cheap prices. Russia has offered to sell crude oil to India at a discount of $ 35 per barrel against the prices in the current international market.
Here now the Modi government is also seriously considering this offer of Russia. Obviously, a big benefit of this will be given to the consumers of India, who are very worried about the rising prices of petrol and diesel every day.
It is worth noting that today the new financial year in India and on the first day of April, state-run Oil Marketing Companies (OMCs) have again increased the prices of LPG gas cylinders. Today i.e. on Friday, there has been a big increase of Rs 250 in the price of commercial cylinder. With this, now the price of this 19 KG cylinder will now be Rs 2553. However, there has been no increase in the prices of domestic gas cylinders again.
