Washington: Coronavirus spread all over the world is now affecting business. On Monday, the historical decline in crude oil prices was recorded, which is the biggest fall in one day after 2017. There is a stir around the world due to the fall in the prices of crude oil by about 30%, in which people in India hope that the prices of petrol and diesel will come down here.
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Not only Corona, but also the ongoing debate between Russia and OPEC countries about the prices of crude oil, the effect is being seen. Saudi Aramco, Saudi Arabia's largest company, cut crude oil prices for April by $ 3.10 per barrel, compared to $ 6 in March. Due to cheap crude oil in the whole world, now everyone in India is eyeing the price of petrol and diesel. Crude oil prices have been declining for a long time, but it has seen the little effect in India.
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Even on Monday, the price of petrol in Delhi is 70.59 and the price of diesel is 63.26 per liter. On one hand, the coronavirus is spreading in the world, on the other hand, the price of crude oil in Russia-OPEC countries could not be reached. OPEC countries' three-year contract with Russia ended when Russia refused to agree on a new price system.