Publish Date: | Fri, 25 Feb 2022 09:34 AM (IST)
Petrol Diesel Price, 24th February 2022 , Due to the ongoing war between Russia and Ukraine, the price of petrol and diesel in the country may increase by up to Rs 10. According to the information received, the price of crude oil rose by $ 6.28 to $ 102.80 per barrel on Thursday, while on the other hand, the price of WTI rose by $ 5.74 to $ 98.84. Let us tell you that for the first time since September 2014, it has happened that the price of crude oil in the world has crossed $100 per barrel.
Russia is the second largest exporter of crude oil
Russia, which has taken military action against Ukraine, is a very rich country in terms of oil. Russia is the world’s second largest exporter of crude oil and the largest producer of natural gas. In such a situation, despite imposing stringent sanctions on Russia, it will not have to depend on other countries for energy needs.
Russian President’s warning to other countries
Russian President Vladimir Putin has launched military action against Ukraine and surrounded the capital Kiev. Along with this, other countries have been warned to stay away from this dispute. Due to this war, there may be a huge increase in the price of petrol and diesel in India in the coming days.
Oil prices stable in the country after Diwali
Significantly, after Diwali, there has been no change in the prices of petrol and diesel in the country. At present, there may be a huge increase in the prices of petrol and diesel after the assembly elections in 5 states in the country. The retail sale rate of petrol and diesel in the country is in line with the price of crude oil at $ 82-83 per barrel, but the oil companies are facing a lot of loss at this price. In such a situation, there is every possibility that with the end of the assembly elections in five states including Uttar Pradesh, Punjab and Uttarakhand, there may be a huge increase in the prices of petrol and diesel.
Posted By: Sandeep Chourey