From February 1, prices of petroleum products have been expected to increase further.
According to media reports, the price of diesel may be increased by Rs 6 per liter and petrol price from 1st February and Rs 3 per liter. The government has raised prices of petroleum products twice during the first month of the new year.
In the global market, oil prices have been trading below $ 80 a barrel since October 2024, but for the first time since October 2024, crude oil prices fell above $ 80 a barrel.
According to the report, after October, the price of British crude oil in the global market fell to $ 81.56 and US crude oil price rose to $ 79.65 a barrel.
