Oil companies have increased the prices of premium petrol like Speed and Power by ₹2.09-₹2.35 per liter on Friday. This increase has been made due to increase in crude oil prices due to America-Israel and Iran war. Premium petrol is sold under the name of BPCL’s Speed, HPCL’s Power and IOCL’s XP95. Whereas normal petrol will continue to be available at the old price. At present there has been no change in their prices. Latest prices of normal petrol and diesel in major cities of the country… Crude oil in India doubled to reach $146. Due to increase in the price of Brent crude oil due to war, companies have increased the prices of premium petrol. The price of Brent crude oil today is at $ 109.54 per barrel. A day ago, the price of crude oil had reached $ 117.98 per barrel. At the same time, crude prices in India have almost doubled to $146. India buys oil from Iraq, Saudi Arabia, Russia, UAE. The average of prices of all these different types of oils is called ‘Indian Basket’. Three major benchmarks of crude oil: Crude oil is identified and sold across the world mainly on the basis of three major benchmarks, which are called Brent, WTI and OPEC basket. Brent crude comes from marine wells in the North Sea (Europe) and two-thirds of the world’s oil trade depends on its price. Whereas WTI originates from the mainland areas of America and due to its purity is the main standard of the American market. The OPEC basket is an average mix of individual crude oils produced by the Organization of the Gulf Nations (OPEC) such as Saudi Arabia, Iran and Iraq. This news is being updated continuously…
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Premium petrol becomes expensive by ₹ 2.35 per liter: Effect of Iran war, normal petrol will continue to be available at the old price.
