New Delhi: Today is the 26th day of nationwide lockdown and fuel demand is not coming, due to which the prices of petrol and diesel have remained stable. Even today there has been no change in the prices of petrol and diesel. After 20 April, ie Monday, demand is expected to increase, due to which prices can rise. The lockdown of 40 days is applicable across the country, which was 21 days earlier. Work will be done in some areas from April 20. It is being speculated that if the traffic starts, then fuel prices may increase.
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According to OPEC's Monthly Report, "The oil market is currently going through a historical crisis that is unpredictable, widespread and internationally." According to the organization, the average demand for oil in 2020 is expected to decrease by 6.8 million barrels daily. Talking only about April, the demand is expected to fall by 20 million barrels per day, which is the biggest drop so far. The demand for crude oil is making Sanjeevani work for the Indian economy.
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On one hand it has curbed the rate of inflation, on the other hand it is giving more revenue to the government. The best thing is that due to this, there is a possibility of a fall in its import bill by $ 36 billion. If this happens, not only the country's foreign exchange reserves will increase but it will also help to maintain the value of rupee against the dollar.
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