in

Will petrol be cheaper? Saudi Arabia gave formula to India to reduce prices

Saudi Arab- India TV Paisa

Saudi Arab- India TV Paisa

Saudi arab

New Delhi. OPEC countries have decided to reduce production amidst increasingly expensive petrol diesel in India. Due to which the price of crude oil has increased by $ 5 in the last two days. In India, petrol has come close to 100 rupees. At the same time, this step of your countries is likely to create a price war in India once again. However, other countries like India had demanded from OPEC countries not to reduce production. But it was ignored.

Meanwhile, Saudi Arabia has given a formula to reduce the prices of crude oil. Saudi Arabia has told India that it can use crude oil it bought last year to control crude oil prices.

ReadYes,ेंHitler seen in Amazon’s new ‘logo’

ReadYes,ेंDo this work as soon as you get a new debit card! Otherwise the damage will be done

Organization of Petroleum Exporting Countries (OPEC) and its affiliates, known as OPEC +. The group agreed not to increase supplies in April. The most widely used benchmark since then, Brent crude, rose nearly 1 percent to $ 67.44 a barrel on Friday.

India’s oil minister Dharmendra Pradhan had urged producers’ groups at Thursday’s OPEC meeting to relax production restrictions to fulfill their promise of stable oil prices.

In response to a question on India’s arguments, Saudi Energy Minister Prince Abdulaziz bin Salman said in a press conference after the OPEC + decision on Thursday that the Indian government should use the raw material reserves they had last year Bought at very cheap rates.

Read- this single app has come for all banks in India, ICICI Bank did wonders

Read- ATM machine can withdraw money without touching it, this government bank started the facility

India purchased 16.71 million barrels of crude in April-May, 2020 and filled all three Strategic Petroleum Reserves made at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka. According to a written reply in the Rajya Sabha on September 21, 2020, the average cost of that crude purchase was USD 19 per barrel.

There has been no change in the prices of petrol and diesel for the last 7 days. Oil companies did not revise prices in important assembly elections of 2017 and 2018 before elections in states like Uttar Pradesh and Gujarat. Elections will be held in the next few weeks in West Bengal, Tamil Nadu, Kerala, Pondicherry and Assam.

.

Diabetes Diet: डायबिटीज रोगियों के लिए अद्भुत हैं ये 5 पावर फूड्स, इनके पोषक तत्व शुगर लेवल को रखते हैं कंट्रोल!

Diabetes Diet: These 5 Power Foods Are Amazing For Diabetes Patients, Their Nutrients Keep Sugar Level Control!

Soaked Raisins Benefits: रात को भिगो दें मुठ्ठीभर किशमिश, सुबह खाली पेट खाने से मिलेगें ये 6 अद्भुत फायदे!

Soaked Raisins Benefits: Soak a handful of raisins at night, you will get these 6 amazing benefits by eating on an empty stomach in the morning!