New Delhi: Modi government is going to provide big relief to the public on the inflation front. According to sources, there can be a big cut in the prices of petrol and diesel soon. Oil prices can be reduced by six to ten rupees. It is known that there has been no increase in the prices of petrol and diesel across the country for a long time. The price of crude oil has also come down, the benefit of which the government is now going to pass on to the public.
The central government is talking to oil companies to reduce the rates of petrol and diesel, so that relief can be provided to the public in the coming days. However, no fixed date has been revealed regarding when the government will provide this relief, but it is believed that either this year i.e. in a few days or in the beginning of the new year, the public will get reduction in the rates of petrol and diesel. You can get a gift of Rs.
Oil prices are decided daily in the country. Oil companies review daily and the prices of petrol and diesel keep increasing and decreasing depending on the price of crude oil in the international market. At present, the price of Brent crude oil in the international market has come to $78.71.According to sources, the Finance Ministry and the Petroleum Ministry have a blueprint ready to reduce oil prices and only the approval of the Prime Minister’s Office is awaited.
With no change in the pre-refinery prices of the two fuels from April 6, 2022, lower crude oil prices in the current financial year have hit the three state oil companies – Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPL). HPCL) has made huge profit.IOC, BPCL and HPCL have jointly made a net profit of Rs 58,198 crore in the first six months of this financial year. After this, on May 22, 2022, the Central Government made a bumper reduction in excise duty on petrol and diesel. The price on petrol was reduced by eight rupees and on diesel by six rupees. Due to this, the prices of petrol and diesel came down further.
