Petrol/diesel prices down!
Posted on: 19/Feb/2020 3:09:49 PM
Following the Coronavirus attack in China, there has been a recession in economic activities. So, China has reduced the usual crude oil import by 25%. Because of this, the crude oil price has come down by 20% in the last 45 days!
During last December, the price of crude oil per barrel was the US $ 64.42, has come down to the US $ 52.75 on 19th February. This has reflected the price of petrol in India as well! On 11th January, 1 litre of petrol was Rs. 78.98 and 1 litre of diesel was Rs. 73.16. Presently, 1 litre of petrol costs Rs. 74.64 and 1-litre diesel at Rs. 68.23.
Over the last one month, the petrol price has come down by Rs. 4.34 and diesel by Rs. 4.93.
With the violent outbreak of coronavirus in 25 countries, this virus has attacked the international economy as well! This has reflected in the import-export trade between India and China. Over the last 5 months, the items imported from China have come down by 3.9%.
