New Delhi: There was big news about the prices of petrol and diesel that soon their prices are going to reach the sky. There is only benefit in buying oil from now on. This is due to the internal crisis in the oil-producing country of Libya. This is why crude oil supplies from Libya have been affected. In the global market, the price of crude oil has gone up to a height of about 10 days. The rise in the price of crude oil in the global market may also increase the price of oil in domestic futures.
44 trillion dollar industry may be threatened due to this reason
The February contract of crude oil on Multi Commodity Exchange (MCX) was trading at Rs 4,219 per barrel with a gain of Rs 57 or 1.37%, at 10.50 am, while the price of crude oil had risen to Rs 4,222 per barrel earlier. Petrol and diesel prices in India may increase due to the rise in crude oil prices in the global market.
According to the website of IndianOil, petrol parts have come down to Rs 74.98, Rs 77.58, Rs 80.58 and Rs 77.89 per liter respectively in Delhi, Kolkata, Mumbai and Chennai on Monday. But now their prices can increase. Indeed, Libya has been experiencing a period of political instability for a long time and fears of a fresh event impacting oil supplies have led to a price rise, which may further increase.
