Important Petrol Price Down by Rs 2.42/Litre, Diesel by Rs 2.25

[Technoglitch]

I heard that excise duty is also hiked 5th time since Dec 14...........So taking this into consideration, prices should have been reduced atleast more by Rs 5......?

it is equated so no price cut in petrol price.

 

[NinadG]

The price is down in international market and some people would say it is because of BJP.

Agree bro...Some international reports say that crude prices are being managed by US with the help from some OPEC countries like KSA & Qatar, to affect economies of countries like Russia, Iran & Venezuela.

This is going to last for next 2 years until these economies suffer badly which would create havoc & destabilize these countries.

Russia & Venezuela are imp as this is intended to incite people for change in leadership of these countries.

 

[DashMajor]

The price is down in international market and some people would say it is because of BJP.

Yeah and same thing happen when crude oil's price start increasing and some people's will say because of BJP prices are increasing and let's bring back the real authority.

 

[Technoglitch]

Agree bro...Some international reports say that crude prices are being managed by US with the help from some OPEC countries like KSA & Qatar, to affect economies of countries like Russia, Iran & Venezuela.

This is going to last for next 2 years until these economies suffer badly which would create havoc & destabilize these countries.

Russia & Venezuela are imp as this is intended to incite people for change in leadership of these countries.

Over production is the main reason for the the fall of crude prices in international markets.

 

[NinadG]

Unless country has crude reserves for atleast 6 months, it cann't manage the situation well...I think.

 

[NinadG]

Over production is the main reason for the the fall of crude prices in international markets.

yes...overproduction is being shown as the reason for this....but it is said that crude price below $75 is unsustainable because of production cost.....

 

[Sanjeev]

Yeah and same thing happen when crude oil's price start increasing and some people's will say because of BJP prices are increasing and let's bring back the real authority.

But BJP has nothing to do with price increase or decrease its just the mentality of our people

 

[DashMajor]

But BJP has nothing to do with price increase or decrease its just the mentality of our people

Yup because it is based on Gulf Countries and we're not having reserves of oil. But what to say some people's don't use common sense.

 

[IndianMascot]

Over production is the main reason for the the fall of crude prices in international markets.

I think production was normal but since US has start making production themselves and not relying in Gulf anymore, the supply-demand gap decreased and price dropping globally.