Indian crude basket price is down by $ 29.24 per barrel. This large reduction will affect the Petrol Prices in the Domestic Market. December 31 oil companies cut petrol prices were 63 cents per litre, the price of the Indian basket of crude was 35.95 dollars a barrel. Now, if the price below $ 30, on January 15 in the petrol prices may get down by Rs 4 per litre.
What experts says >>
Mr Gourav Sharma,at Commodity MCX NCDEX Call says crude basket price has come down from $30 so its most expected that the prices of the Petrol may get cut by 4 Rs. & The January Crude Oil Level is below December level. So there is more possibilities that by 15 Jan prices may get cut by Rs. 4.
Why cut the scope of petrol by Rs 4???
1. In November 2015, the average Indian crude basket price was 42.05 dollars a barrel. Then, the price of petrol in Delhi, Rs 61.06 per liter.
2. In December 2015, the average Indian crude basket price was 35.95 dollars a barrel. Then, the price of petrol in Delhi, Rs 59.35 per liter.
3. January 7 , 2015. The Indian crude basket price of $ 29.24 per barrel has come . Such Petrol and crude prices in the past two months, the ratio was 1.45 percent, 1.65 percent .
4. Mr. Gourav Sharma on January 15 on the basis of the ratio of oil companies cut petrol prices by Rs 4 per liter price cut of Rs 4 per liter scope.
<< Commodity Best Tips >>
No comments:
Post a Comment