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Crude Oil Price: Due to the Middle East war, once again a huge increase in the prices of crude oil is being seen. Crude oil has reached $100 per barrel, while on the other hand, experts say that there may be a rise in the rates of petrol and diesel in the coming time.

If the Middle East war does not end, we may see a drastic increase in the rates of petrol and diesel. The direct impact of the increase in crude oil prices will be seen on petrol and diesel.

Brent crude reached near 100 dollars

During early trading on Wednesday in the international market, Brent crude futures saw a rise of more than one dollar. After this its price is around $99.49 per barrel Reached. At the same time, American WTI crude also increased to almost $94.63 per barrel Reached the level of.

According to the report, the price of crude oil has increased by about 25 percent since the beginning of August. The main reason for this ongoing rise in the market is believed to be the increasing tension in the Middle East and the concern over oil supply.

Tension increased between Iran and America

The increasing tension between America and Iran has increased the concern of the global energy market. The report claims a ballistic missile attack by Iran on American bases in Jordan. After this, there is a possibility of further increase in conflict between the two countries.

At the same time, it has also come to light that American officials have given a strong warning to Iran. Due to such developments, investors are now keeping an eye on oil supply and exports from the Middle East.

Will petrol and diesel become expensive in India?

The rise in crude oil prices does not always have an immediate impact on the prices of petrol and diesel. Apart from international oil prices, many other factors also play a role in determining domestic fuel prices.

If crude oil remains at $ 100 per barrel or above for a long time, then there may definitely be pressure for a large oil importing country like India to increase import costs. In such a situation, the possibility of increasing pressure on petrol and diesel prices in the coming time cannot be ruled out.

Currently there is no change in the prices of petrol and diesel

Despite the increase in the price of crude oil in the international market, there has been no change in the retail prices of petrol and diesel in the country. This means that the drivers are not yet seeing the direct impact of the increased crude prices at the petrol pump.

Petrol in Delhi as per the rate available on Wednesday morning Rs 102.12 per liter and diesel Rs 95.20 per liter But it is built. Whether there will be further change in prices or not, it will depend on the movement of crude in the international market and the decisions taken at the domestic level.

Common people may be affected by inflation (Crude Oil Price)

If the rise in crude oil prices continues for a long time, its impact is not limited to just petrol and diesel. If transportation costs increase, freight transportation can become expensive, the effect of which can also be seen on the prices of many everyday items.

At present, it is a matter of relief that despite the rise in crude, there has been no immediate increase in the rates of domestic petrol and diesel. Therefore, there is no need for motorists to be in a hurry to worry about the price rise, but the international oil market will definitely be monitored.